Singapore-based HashKey Capital, the investment arm of financial services firm HashKey Group, He set up a new half-billion-dollar fund.
According to the statement made by HashKey Capital, the company crypto and blockchain projects established to invest HashKey Fintech Investment Fund III provided the necessary funding for the fund.
To set up the fund from institutional investors support received. According to the press release, these investors are among sovereign wealth funds, various businesses and family offices is located.
This third fund, established by HashKey, is particularly potential to spread to the masses which and infrastructure, tool and application development will focus on projects working in their fields.
The collapses of billion-dollar cryptocurrency companies such as FTX have negatively affected the cryptocurrency market since last year. Deng Chao, CEO of HashKey Capital, said about their new venture:
“As HashKey Capital, we are in this industry. at least three cycles we breastfed. The unique experiences we have gained thanks to these will be very valuable in overcoming the turbulent situation we are in.”
Founded in 2018, HashKey Capital manages client funds worth over $1 billion in total. The company’s portfolio includes Cosmos, Aztek, Blockdaemon, Animoca Brands.