HashKey Capital, a subsidiary of HashKey Holdings, said it has completed the first round of financing for its fourth cryptocurrency fund, locking in $250 million from institutional investors, family offices and high-net-worth individuals.
The fund, called HashKey Fintech Multi-Strategy Fund IV, has an ultimate target of raising $500 million. The company said it will invest in public and private markets to support blockchain infrastructure and applications that support real-world and scalable use cases.
The strategy includes cross-investing to capture value at the intersection of traditional finance and blockchain finance.
Headquartered in Singapore, HashKey has become one of Asia’s largest digital asset fund management companies, currently managing more than $1 billion in assets. It operates under a license in Hong Kong and was instrumental in launching the city’s first spot Bitcoin and Ethereum ETFs.
The company was an early institutional backer of Ethereum and has managed more than $1 billion in more than 400 crypto projects. Its parent company, Hashkey Holdings, made its public debut in Hong Kong this month.
