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Institutional Investors Pour $500M Into HashKey Capital's Blockchain Fund

The fund will provide investors with institutional-grade exposure to blockchain and crypto technologies, primarily investing in infrastructures, toolings, and applications that have potential for mass adoption.

Photo by Uriel SC / Unsplash

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HashKey Capital, a Singapore-baed global asset manager specializing in crypto and blockchain, has announced the final closing of its third fund, HashKey FinTech Investment Fund III, with a total commitment of US$500 million.

The fund received strong support from institutional investors including sovereign wealth funds, corporations, and family offices, HashKey said in an announcement on Tuesday.

It will deploy the funds to "advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets."

"The HashKey Group was an early supporter of crypto and blockchain technology, and we are pleased to continue to take on this responsibility, and work with our partners to establish the gold standard for the industry's sustainable growth,” Deng Chao, CEO of HashKey Capital and head of HashKey Singapore, said in the announcement.

The company received license for fund management involving digital assets in Hong Kong in 2022, and holds an in-principle approval for fund management in Singapore.

As of June 2022, HashKey's portfolio includes more than 200 companies, such as Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, FalconX, Polkadot, Moonbeam, Space and Time, and Galxe, according to its website. It currently manages over US$1 billion in client assets.

Related: Singapore’s Hashkey Secures Provisional License for Institutional Investor Services