HashKey Capital, a division of HashKey Holdings, announced the completion of its initial fundraising round for its fourth cryptocurrency fund, raising $250 million from various institutional investors, family offices, and wealthy individuals.
The fund, named HashKey Fintech Multi-Strategy Fund IV, aims for a final total of $500 million. It plans to invest in both public and private markets, supporting blockchain infrastructure and applications that enable practical and scalable use cases, according to the firm.
The strategy incorporates crossover investments to harness value at the intersection of traditional and blockchain finance.
Based in Singapore, HashKey has established itself as one of Asia’s leading digital asset fund managers, currently overseeing over $1 billion in assets. It operates under licenses in Hong Kong and has played a pivotal role in launching the city’s first spot bitcoin and ether ETFs.
The firm was an early institutional supporter of Ethereum and has managed over $1 billion across more than 400 crypto projects. Its parent company, Hashkey Holdings, made its public debut in Hong Kong this month.
