HashKey Capital, a global asset manager specialising in crypto and blockchain, has closed its third fund with a commitment of US$500 million.

The HashKey Fintech Investment Fund III is backed by institutional investors including sovereign wealth funds, corporations, and family offices.

According to a statement, the “capital from Fund III will be deployed to advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets”.

This new fund aims to invest primarily in infrastructures, toolings, and applications that have potential for mass adoption.

Since its inception in 2018, HashKey Capital has managed over US$1 billion in client assets.

It has invested projects and companies such as Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, FalconX, Polkadot, Moonbeam, Space and Time, and Galxe.

HashKey Capital announced during the Singapore Fintech Festival 2022 that it had received in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore.

“We are one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore.

 

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.”

said Deng Chao, CEO of HashKey Capital and Head of HashKey Singapore.

“Fund III will follow our time-tested investment principles while also looking for game-changers, which would be those that will propel the industry forward into the next stage.”

said Dr. Xiao Feng, Chairman of HashKey Group.