Global asset manager Hashkey Capital made an announcement on Tuesday about the closing of its third fund, amounting to $500 million, despite the current crypto market downturn. The HashKey Fintech Investment III fund is committed to promoting blockchain and cryptographic advances worldwide, with an emphasis on emerging markets.
Fund III to Focus on Web3, Emerging Markets, and Cryptographic Solutions
Hashkey Capital, one of the foremost crypto funds in Asia, has a portfolio of assets totaling over $1 billion. Chief executive officer Deng Chao of Hashkey Group Singapore stated that the firm has “withstood at least three cycles in the industry.” He went on to explain that the experienced gained from these cycles has enabled them to make informed decisions in the current turbulent environment.
The crypto winter has seen a loss of approximately $2 trillion in net worth, yet investments in the digital asset space continue. Animoca Brands founder Yat Siu recently told the World Economic Forum in Davos that his company is aiming for a 30% growth in its portfolio by 2023. Hashkey’s Fund III will invest in infrastructure and tools to facilitate mass adoption of blockchain technology.
Fund III will provide institutional grade access to all aspects of blockchain and cryptocurrency technology for investors.
According to Crunchbase, the firm has made 56 investments to date, which include Aztec, Cosmos, Coinlist, Falcon X, Polkadot, and Animoca Brands. In December, HDAG (Hashkey Digital Asset Group) entered into an agreement with ZA International to explore “cooperative opportunities in digital assets, Web3, and distributed ledger technology.” A week later, HDAG signed a deal with SEBA Bank to accelerate digital asset adoption in Hong Kong and Switzerland.
What do you think of Hashkey Capital’s Fund III’s positioning in the crypto/blockchain industry? Share your thoughts in the comments section below.
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