In a significant move towards enhancing the reach of Web3, HashKey Capital has raised $500 million for its third investment fund.
In Brief
Today, HashKey Capital declared the successful closure of its third investment fund, the HashKey FinTech Investment Fund III, which has reached a milestone of $500 million.
The capital raised will be allocated to foster and back innovative projects within the crypto and blockchain sectors. crypto and blockchain projects worldwide.
HashKey Capital has successfully gathered $500 million for its third investment fund, namely the HashKey FinTech Investment Fund III. This fund is targeted at investing in global cryptocurrency and blockchain initiatives, with a distinct focus on emerging markets. raised The fund has garnered support from a variety of institutional investors, which include sovereign wealth funds and family offices. The firm is particularly interested in investing in foundational infrastructure, tools, and applications that exhibit high potential for mainstream adoption.
In spite of the ongoing downturn in the market and various controversies within the cryptocurrency realm, HashKey Capital oversees a portfolio valued at over $1 billion. Some of the notable firms in their investment roster consist of Cosmos, Aztek, Coinlist, dYdX Blockdaemon, FalconX, Polkadot, and others.
Deng Chao, the CEO of HashKey Capital, noted that the company has gained invaluable insights from navigating through three different market cycles. Notably, HashKey is among the select few crypto investors authorized to manage digital asset funds in Hong Kong and has also secured preliminary approval for fund management activities in Singapore. Animoca Brands . The firm has offices in Hong Kong , Singapore, the US, and Japan.
Dr. Xiao Feng, the Chairman of HashKey Group, emphasized the firm’s early investment in Ethereum and their hosting of Devcon2, reiterating their belief in the transformative potential of blockchain and cryptocurrency innovations to shape a better future. The third fund is set to adhere to their established investment principles while actively seeking innovations that can advance the industry to new heights.
In recent times, this sector has witnessed substantial funding, especially through traditional channels such as venture capital and private equity. As reported by Metaverse Post, Web3 startups successfully raised an impressive total of $7.2 billion throughout 2022.
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Web3 projects have raised Agne is a dedicated journalist specializing in the latest advancements and trends within the metaverse, AI, and Web3 sectors for Metaverse Post. Her enthusiasm for storytelling drives her to interview numerous industry experts, constantly on the lookout for captivating narratives. With a Bachelor's degree in literature and a vast experience covering an array of topics from travel to art and culture, she has also volunteered as an editor for an animal rights organization, raising awareness about crucial animal welfare matters. Reach out to her at fundraising report Binance has completed the integration of USDC on the Sonic Network, and depositing is now available.
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