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Hong-Kong Investment Fund Raises $500M To Push Mass Adoption in Web3

Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space.

On Jan. 17, the Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for its FinTech Investment Fund III.

According to the company, Fund III will be used to invest in infrastructures, toolings and applications that will help push mass adoption of blockchain and crypto technologies.

Related news:

Kai-Fu Lee Has Set Up $50 Million web3 Fund in Hong Kong

Hong Kong To Publish Approved List of Crypto Assets for Retail Trading

Samsung’s Investment Arm Gearing Up to Apply for Spot-Bitcoin ETF in Hong Kong

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