HashKey Capital Attracts $500M to Invest in Crypto-focused Startups

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HashKey Capital, a company whose headquarters are in Hong Kong that is a subsidiary of Chinese conglomerate Wanxiang Group, has recently raised $500 million in its third fund.

According to the company, the HashKey Fintech Investment III is aimed at investing in crypto assets and is focused on infrastructure solutions and decentralized applications.

The fund started raising funds over a year ago. Initially, the financial goal was $600 million, but the bear market adjusted the company’s plans.

The company CEO Deng Chao has commented:

“We are at the bottom of the next cycle.”

The previous two funds have raised a total of $100 million and the company’s assets under management amount to $1 billion.