HashKey Capital introduced its third fund, HashKey FinTech Funding Fund III, with a complete dedication of $500 million, in line with a Jan. 17 press launch.
In response to the announcement, Fund III will deploy capital to advance crypto and blockchain initiatives globally, specializing in rising markets. As reported, quite a lot of establishments, together with sovereign wealth funds, firms, and household workplaces, supplied robust help to the initiative.
Dr. Xiao Feng, Chairman of HashKey Group, stated:
“Fund III will observe our time-tested funding rules whereas additionally in search of game-changers, which might be these that may propel the trade ahead into the subsequent stage.”
The brand new fund will make investments primarily in infrastructures, toolings, and purposes which have the ‘potential for mass adoption.’ Furthermore, Fund III will present institutional-grade entry to all facets of blockchain and crypto know-how, in line with the press launch.
In response to Hashkey, the agency has managed over US$1 billion in purchasers’ belongings since its launch in 2018. The asset supervisor has additionally invested in corporations like Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, Animoca Manufacturers, FalconX, Polkadot, Moonbeam, and Galxe.
As a part of its a number of investments through the bear market of 2022, Hashkey Capital additionally served as an investor within the $12.5 million Pockets Join funding spherical final November.
