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 in the first round of funding for its fourth crypto fund. The company has set a final target of $500 million 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 a focus on both public and private markets. HashKey Capital plans to invest in projects that support blockchain infrastructure and real-world applicable, scalable applications. The company emphasized that this approach will not be limited to early-stage projects but will also encompass mature initiatives.

One of the notable headlines 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 compliant products and corporate use cases.

Based in Singapore, HashKey is currently one of the largest digital asset fund managers in Asia. The total assets under the company’s management are over $1 billion. HashKey, which operates under license in Hong Kong, has also played a role in the implementation 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 in more than 400 crypto projects to date. The parent company of HashKey, HashKey Holdings, drew attention this month by going public in Hong Kong.