HashKey Capital Secures $250 Million for New Crypto Fund, Stock Rises 4%

HashKey Capital Secures $250 Million for New Crypto Fund

HashKey Capital announced the acquisition of $250 million for its new crypto fund, aiming to reach a total fund size of $500 million. Institutional interest in the funding round was strong, though specific investors were not disclosed. Commitments came from global institutional investors, family offices, and high-net-worth individuals.

The company's stock on the Hong Kong Stock Exchange rose by 4.16%, closing at 5.73 HKD.
The new fund will adopt a multi-strategy investment approach focusing on blockchain infrastructure and scalable platforms for mass adoption.
Despite liquidity challenges in the crypto market, longer-term institutional capital is increasingly entering the space.

Deng Chao, CEO of HashKey Capital, stated the firm's unique position to leverage growth in emerging markets with the new capital.

Market Presence and Performance

HashKey Capital remains a leading institutional investor in Asia's crypto market, managing over $1 billion in assets and supporting more than 400 projects globally since 2018.
The first fund achieved a distributed-to-paid-in ratio exceeding 10x, highlighting its strong long-term performance.
Recently, HashKey completed a $206 million IPO but faced initial stock price dips below its IPO price of HK$6.68. The recent increase offers potential recovery for investors.