Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts.Amid the crypto market downturn, global asset managerannounced the closing of a new fund, “Hashkey Fintech Investment III,” after raising $500 million.
“Hashkey Capital weathered at least three cycles in the industry,” Deng Chao, the head of Hashkey Group Singapore and CEO of Hashkey Capitalin a statement on Tuesday. “From each unique experience, we gained important insights that will allow us to navigate through turbulence.
Despite the crypto winter, which has shaved $2 trillion off the crypto economy’s net value, investments in the space have continued. For example, while speaking at the World Economic Forum
Source: News Formal (newsformal.com)
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