HashKey Capital raised 250 million dollars for crypto.

HashKey Capital has demonstrated the continued interest of Asia-based institutional investors in the sector by raising 250 million dollars in the first round of funding for its fourth crypto fund. The company has set a final target of 500 million dollars for the new fund, named HashKey Fintech Multi-Strategy Fund IV. It was stated that the resources raised in the first round came from institutional investors, family offices, and high-net-worth individuals.

The investment strategy of the new fund includes focusing on both public and private markets. HashKey Capital plans to invest particularly in projects that support blockchain infrastructure and real-world usable, scalable applications. The company emphasized that this approach will not be limited to early-stage projects but will also include mature ventures.

One of the noteworthy aspects of the fund is crossover investments. HashKey Capital aims to capture value in areas where traditional finance intersects with blockchain finance. This strategy is considered critical in terms of regulatory compliance products and corporate use cases.

Based in Singapore, HashKey is currently one of the largest digital asset fund managers in Asia. The total asset size under the company's management exceeds 1 billion dollars. Licensed to operate in Hong Kong, HashKey has also played a role in the launch of the city’s first spot Bitcoin and Ethereum ETFs.

HashKey is also among the early institutional investors for Ethereum and has managed over 1 billion dollars across more than 400 crypto projects. The company's parent organization, HashKey Holdings, drew attention this month by going public in Hong Kong.