Hashkey Capital collects $ 500 million for his third fund despite the downturn in the cryptom market -
Hashkey Capital collects $ 500 million for his third fund despite the downturn in the cryptom market -
On Tuesday, the global asset manager Hashkey, who focuses on crypto and blockchain investments, announced that he has closed his third fund with $ 500 million. The company's "Hashkey Fintech Investment III" is devoted to the development of crypto solutions, blockchain technology and web3 concepts.
The Fund III of Hashkey Capital focuses on web3, threshold markets and cryptol solutions
In the middle of the downturn on the cryptomarkt, global asset manager hashkey-capital announced the closure of a new fund," hashkey investment III ", known after 500 million US dollars were applied. According to Hashkey, the fund received "strong support from institutional investors, namely sovereign funds, renowned family offices and companies". Hashkey Capital is one of the largest crypto funds in Asia because he manages more than $ 1 billion in customer assets.
"Hashkey Capital has survived at least three cycles in the industry," says Deng Chao, head of the Hashkey Group Singapore and CEO from HashKey Capital said in a statement on Tuesday. "From every unique experience we have gained important findings that will enable us to navigate through turbulence. We are one of the few crypto investors who were given a license for fund management with digital assets in Hong Kong, and another basic approval for fund management in Singapore," added the CEO of Hashkey Capital In addition.
Despite the crypto winter, which cut the net value of the crypto economy by $ 2 trillion, investments in space were continued. For example during a speech at the World Economic Forum event in Davos, Yat Siu, co-founder of Animoca Brands said its company by 30 % by 30 % by 30 % enlarge. As far as Hashkey's Fund III is concerned, the funds "are used to promote exceptional crypto and blockchain initiatives around the world, with the focus on the growing possibilities in emerging countries".
The announcement of the Hashkey Fund III adds:
Fund III will offer investors an institutional commitment in all facets of blockchain and cryptotechnologies. This new fund aims to invest mainly in infrastructures, tools and applications that have the potential for mass acceptance.
According to Crunchbase, the company still has a portfolio of around 56 investments, including investments in Aztec, Cosmos, Coinlist, Falcon X, Polkadot and Animoca Brands. In mid-December 2022, the company's Hashkey Digital Asset Group (HDAG) entered into a partnership with the ZA based in Hong Kong in order to explore “opportunities for cooperation in the areas of digital assets, web3 and distributed Ledger technology (DLT)”. A week before the partnership with ZA International, HDAG signed a contract with Seba Bank to "accelerate the introduction of digital assets in Hong Kong and Switzerland".How do you think the Fund III of Hashkey Capital is positioned in the crypto and blockchain industry? Share your opinion on this topic in the comment area below.
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