HashKey Capital raises $500 million to increase investment in Blockchain and encryption projects.

On January 17, 2023, a global asset management institution focused on blockchain and encryption industry investments announced that its third phase fund has completed fundraising, with a new fund size of $500 million. The fund has received strong support from institutional investors, with a lineup that includes sovereign wealth funds, large corporations, and family offices.

The newly raised funds will be used to explore outstanding encryption and Blockchain projects globally, while focusing on the increasingly growing opportunities in emerging markets.

The company's CEO stated: "Our team has gone through at least three industry cycles, and the experience we have accumulated enables us to navigate smoothly through market fluctuations. We are one of the few crypto investment institutions that have obtained relevant licenses in both Hong Kong and Singapore. As early supporters of the industry, we will work with partners to establish institutional-level standards for the sustainable development of the industry."

The company's chairman added: "Few people know that the name behind Ethereum's 'Shanghai upgrade' also bears our mark. As one of the earliest institutional investors in Ethereum, we have firmly believed from the very beginning that blockchain and encryption technology innovation can create a better future for humanity. The new Phase III fund will adhere to our previous investment principles while seeking disruptive investment targets to propel the industry into the next phase."

This new fund will provide investors with institutional-level investment opportunities in Blockchain and encryption projects. The main investment directions include infrastructure, tools, and applications with the potential for large-scale adoption.

Since its establishment in 2018, the company has managed over $1 billion in client assets and has a mature investment track record across various stages of Blockchain and encryption projects. To date, the company has invested in several top projects, including Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, Falcon X, Polkadot, Moonbeam, Space and Time, and Galxe.

As one of the largest and most influential Blockchain investment institutions in Asia, the company plays a leading role in connecting Web2 and Web3, working hand in hand with entrepreneurs, investors, communities, and regulatory bodies to build a sustainable Blockchain ecosystem. The company's business covers regions such as Hong Kong, Singapore, Japan, and the United States, and has currently invested in over 500 companies worldwide, involving fields such as infrastructure, tools, and applications with large-scale adoption potential.