HashKey Capital Completes Fund III at $500 Million in Commitments to Develop Web3

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.

HashKey Capital (“HashKey”), a global asset management focusing on cryptocurrencies and blockchain technology, has announced the successful closure of HashKey FinTech Investment Fund III, its third fund, with a commitment of US$500 million. Institutional investors, including sovereign wealth funds, prominent family offices, and businesses, provided significant support for Fund III.

With a focus on the expanding potential in developing regions, the funds from HashKey Fund III will be used to promote exceptional cryptocurrency and blockchain ventures throughout the globe.

“HashKey Capital weathered at least three cycles in the industry. From each unique experience, we gained important insights that will allow us to navigate through turbulence. 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. HashKey was an early supporter of crypto and blockchain technology, therefore, we are pleased to take on this responsibility and work with our partners to establish the gold standard for the industry’s sustainable growth.” said Deng Chao, Head of HashKey Group Singapore and CEO of HashKey Capital.

“Most people from the industry recognize HashKey as a global pioneer investor, but few are truly aware that HashKey was the inspiration behind the name ‘Shanghai Upgrade’. As the earliest institutional investor in Ethereum and the hosting party of Devcon2, we have maintained since day 1 that the power of blockchain and crypto innovation can create a better future.” Dr. Xiao Feng, Chairman of HashKey Group notes. “Fund III will follow our investment principles and objectives while also looking for game-changers, those that will propel the industry forward into the next stage.” 

Investors will have institutional-grade exposure to all parts of blockchain and cryptocurrency technology via Fund III. This new fund seeks to make the majority of its investments in infrastructures, tools, and software that have the potential to be widely adopted.

HashKey has handled over US$1 billion in client assets since its founding in 2018, and it has a track record of investing in blockchain and cryptocurrency firms at all stages of development. Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Falcon X, Polkadot, Moonbeam, Space and Time, and Galxe are just a few of the top projects that HashKey Capital has so far invested in.

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