HashKey secures $250M for new crypto fund amid ‘significant interest’
HashKey Capital closed the first round of its fourth crypto fund at $250 million, targeting a final size of $500 million.Summary
HashKey Capital successfully secured $250 million in commitments during the first close of its fourth crypto-focused fund, the "HashKey Fintech Multi-Strategy Fund IV," exceeding initial expectations despite current market conditions. The fund, which aims for a final size of $500 million, attracted capital from global institutional investors, family offices, and high-net-worth individuals. HashKey Capital CEO Deng Chao stated the new capital will be used to invest in blockchain infrastructures and mass adoption use cases, particularly in emerging markets. This move comes as some short-term liquidity providers retreat from crypto, indicating continued long-term institutional conviction. HashKey Capital, the investment arm of Hong Kong-based HashKey, manages over $1 billion in assets and has a strong track record, including its first fund achieving a 10x distributed-to-paid-in ratio.
(Source：Cointelegraph)