Cointime

Download App
iOS & Android

HashKey Capital Closes Fund III With US$500 Million in Commitments To Build Web3

HashKey Capital, a global asset manager specializing in crypto and blockchain, announced today the final closing of its third fund, HashKey FinTech Investment Fund III (“Fund III”), with a total commitment of US$500 million. Fund III, whose general partner is HashKey FinTech Investment (part of HashKey Capital, and together with its affiliates, the “HashKey Group”), received strong support from institutional investors including sovereign wealth funds, corporations, and family offices.

Capital from Fund III will be deployed to advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets.

Fund III will provide investors with institutional-grade exposure to all facets of blockchain and crypto technologies. This new fund aims to invest primarily in infrastructures, toolings, and applications that have potential for mass adoption.

Since its inception in 2018, HashKey Capital has managed over US$1 billion in client assets with a proven track record of investing across all stages of blockchain and crypto companies. To date, HashKey Capital has invested in many top projects and companies, including Cosmos, Coinlist, Aztec, Blockdaemon, dYdX, imToken, Animoca Brands, Mask Network, FalconX, Polkadot, Moonbeam, Space and Time, and Galxe.

HashKey Capital, the investment arm of the HashKey Group, is a global asset manager investing exclusively in blockchain technology and digital assets, managing over US$1 billion in client assets since its inception. As one of the largest crypto funds based in Asia and known for being Ethereum's earliest corporate investor, our mission is to bridge digital assets to the mainstream and connecting Web2 and Web3. HashKey Capital operates in Hong Kong, Singapore, with significant presence in Japan and the U.S., and has invested in over 500 global projects related to infrastructures, toolings, and applications that have potential for mass adoption.

Comments

All Comments

Recommended for you

  • Talus Network Completes $6 Million Strategic Round of Financing with a Valuation of $150 Million

    decentralized AI protocol Talus Network raised $6 million in a strategic financing round led by Polychain Capital, valuing the company at $150 million. This funding will help further develop the Talus ecosystem, including the Protochain, Nexus framework, and "AI dating experience" application.
  • Schuman Financial Completes $7.36 Million Seed Round, Led by RockawayX

    Schuman Financial has completed a $7.36 million seed round of financing, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund and Bankless Ventures. In addition, Schuman Financial has launched a euro stablecoin, EURØP, which complies with the MiCA standard.
  • OpenTrade announces $4 million seed extension round led by AlbionVC

    OpenTrade has announced the completion of a $4 million seed extension financing round to build RWA-supported loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global. OpenTrade plans to use the funds to expand its operations and enhance its product capabilities.
  • BNB Chain Ecosystem Re-staking Infrastructure Kernel Receives Investment from Binance Labs

    BNB Chain's ecological re-staking infrastructure Kernel has announced that it has received investment from Binance Labs. As of now, its total financing amount has reached 10 million US dollars, with main investors including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. It is reported that Kernel's mainnet is about to be launched. Kelp provides users with support for Ethereum liquidity re-staking services based on rsETH, while Gain provides DeFi, CeDeFi, and RWA income products. KERNEL tokens are designed to unify the governance and incentive mechanisms of Kelp, Kernel, and Gain, while providing rewards for early supporters of ecosystem development.
  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.
  • Crypto wallet Deblock completes approximately $16.8 million in seed round financing

     Deblock, a cryptocurrency wallet created by former Revolut and Ledger executives, has raised an additional £13.3 million (approximately $16.8 million) in seed funding, as reported in documents submitted to the UK Companies House this month. Primary investors in this round of funding include Headline, Hoxton, 20VC, and Chalfen, according to documents filed in October. Sifted previously reported that the startup had quietly raised €12 million last year. Deblock was founded in August 2022 by former Revolut cryptocurrency chief Jean Meyer, payment chief Aaron Beck, and former Ledger engineering chief Mario Eguiliuz.
  • Stablecoin infrastructure platform Noble receives $15 million in Series A funding led by Paradigm

    stablecoin infrastructure platform Noble has completed a Series A financing round led by Paradigm, raising $15 million. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.
  • 0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

    Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).
  • Crypto entertainment platform BetHog completes $6 million seed round of financing

    cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.
  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.