HashKey Capital Third Funding Round Nets US$500 Million to Build Web3
HashKey Capital finalized its third funding round, as revealed in a January 17 statement. The Singaporean firm that operates as the investment arm of HashKey Group operates an expanded asset management portfolio specializing in blockchain and crypto services.
The firm plans to leverage the HashKey FinTech Investment Fund III comprising a US$500 million commitment. The fund attracted multiple institutional investors, including family officers, corporations and wealth funds. The participants lauded Fund III for prioritizing crypto and blockchain initiatives that seek to tap into the opportunities within the emerging markets.
Fund III Advancing Blockchain and Web3 Initiatives
Capital from Fund III will be deployed to advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets. In support, HashKey chief executive Den Chao indicated that the firm would prioritize partnerships to establish the gold standards that deliver sustainable growth in the crypto industry.
Chao admitted that HashKey Capital confronted several cycles in the crypto industry. The executive observed that such experiences are invaluable to enable HashKey to overcome the turbulence.
The chief executive confessed that HashKey was among the few crypto investors licensed in Hong Kong to offer fund management services that feature digital assets. Also, Chao acknowledged that HashKey has recently received approval to offer fund management in Singapore.
HashKey Group chairperson Xiao Feng demonstrated that the firm attracts industrial recognition as a leading global investor in the blockchain. He lamented that only a few individuals knew the HashKey Group inspired the Ethereum-based project named Shanghai Upgrade.
HashKey Game-changing Investments
Feng indicated that HashKey is among the pioneer institutional investors within the Ethereum infrastructure. As the host for Devcon2, Feng held that blockchain and subsequent crypto innovations could influence a better future.
Feng indicated that Fund III would replicate the time-tested principles in pursuing investment forecasted as game-changers. He added that the Web3 initiatives would help propel the crypto industry.
The chairperson echoed Chao’s sentiments that Fund III will offer institutional-grade exposure to investors across various crypto and blockchain technologies. As such, both executives indicated the fund would prioritize infrastructures, toolings, and applications set to trigger mass adoption.
Editorial credit: Yu Chun Christopher Wong / Shutterstock.com
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