Despite the decline in the cryptocurrency market, Hashkey Capital raises $500 million for its third fund

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Hashkey, a global asset manager that specializes in investments in cryptocurrencies and blockchain technology, revealed on Tuesday that it has closed its third fund at $500 million.

The “HashKey Fintech Investment III” program of the business is focused on creating crypto solutions, blockchain technology, and Web3 ideas.

The third fund from Hashkey Capital will concentrate on web3, emerging markets, and crypto solutions.

Hashkey Capital, a global asset management, announced the closing of a new fund, “Hashkey Fintech Investment III,” following the raising of $500 million.

The fund “got considerable backing from institutional investors,” including sovereign wealth funds, well-known family offices, and enterprises, claims Hashkey. Given that it oversees more than $1 billion in client assets, Hashkey Capital is one of the biggest cryptocurrency funds in Asia.

The CEO of Hashkey Capital said, “We are one of the select few cryptocurrency investors to have gotten a license for fund management involving digital assets in Hong Kong, as well as another approval in principle for fund management in Singapore.

The money from Hashkey’s Fund III will be “deployed to advance great crypto and blockchain ventures around the world, concentrating on the rising prospects in emerging areas,” according to the statement.

Investors will have institutional-grade exposure to all parts of blockchain and cryptocurrency technology through Fund III.

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