• HashKey Capital has concluded a $500 million funding spherical for its third crypto fund. 
• The Hong Kong-based agency plans to spend money on crypto and blockchain ventures world wide. 
• The asset supervisor has invested in in style tasks like Polkadot, 1inch, and many others. 
• The brand new crypto fund comes amid a brutal crypto winter that has discouraged different establishments from investing. 

HashKey Capital, the Hong Kong-based investing subsidiary of the HashKey Group, unveiled a brand new crypto fund earlier right this moment. The asset funding agency revealed that it had secured a whopping $500 million in dedicated capital for what shall be its third such funding fund. 

HashKey Fintech Funding Fund III

The HashKey Fintech Funding Fund III is ready to spend money on crypto and blockchain tasks world wide with a warfare chest value $500 million. In line with a press launch from the HashKey Group, the newest fund shall be deployed to extend crypto adoption across the globe, significantly in rising economies. 

Fund III will present traders with institutional-grade publicity to all sides of blockchain and crypto applied sciences. This new fund goals to speculate primarily in infrastructures, toolings, and purposes which have potential for mass adoption.”

Since its founding in 2018, HashKey Capital has managed over $1 billion in shopper property. The agency has invested in in style crypto tasks together with Polkadot, DeFi alternate 1inch, and layer 2 community Aztec. It was one of many earliest institutional traders in Ethereum, whose newest Shanghai improve was reportedly named after the funding agency. 

The funding fund’s launch comes at a time when establishments world wide are discouraged by the extended crypto winter. Nevertheless, the turmoil within the crypto market appears to don’t have any impact on the Hong Kong-based asset supervisor. In line with CEO Deng Chao, the agency has weathered at the very least three cycles within the crypto trade and each has left the agency with experiences and insights which are coming in useful.