HashKey Capital, a subsidiary of HashKey Holdings, said it has closed the first round of fundraising for its fourth crypto fund, securing $250 million from a mix of institutional investors, family offices and high-net-worth individuals.
The fund, HashKey Fintech Multi-Strategy Fund IV, is targeting a final close of $500 million. It will invest in public and private markets, supporting blockchain infrastructure and applications that support real-world and scalable use cases, the company said.
The strategy includes cross-investments to capture value where traditional finance and blockchain intersect.
Headquartered in Singapore, HashKey has become one of the largest digital asset fund managers in Asia and now has over $1 billion in assets under management. It operates under licenses in Hong Kong and played a role in launching the city’s first spot bitcoin and ether ETFs.
The company was one of the first institutional backers of Ethereum and has managed over $1 billion across over 400 crypto projects. Its parent, Hashkey Holdings, made its public debut in Hong Kong this month.
