• HashKey Capital, a Hong Kong-based global asset manager, has closed a $500 million investment round for its FinTech Investment Fund III.
• The fund will be used to invest in infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies.
• Xiao Xiao, investment director at HashKey Capital, noted that investing in a fund creates an easy intro to engage with the Web3 space.
HashKey Capital, a Hong Kong-based global asset manager, recently closed a $500 million investment round for its FinTech Investment Fund III. This round was raised despite the ongoing crypto winter that has affected many businesses in the greater Web3 space. The fund will be used to invest in infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies.
Xiao Xiao, investment director at HashKey Capital, spoke with Cointelegraph about the investment round, noting that the synergies in the Web3 space are a key factor in keeping investors coming back for more. He noted that financial organizations could see cryptocurrency as another asset class to diversify their portfolio, and that investing in a fund creates an easy intro to engage with the Web3 space.
HashKey Capital’s $500 million investment round indicates that the Web3 space is growing too fast to be ignored by traditional institutions and internet giants. The investment round also highlights the potential for cryptocurrencies to be used as an asset class to diversify portfolios, and to be used as a way to participate in the Web3 space.
The FinTech Investment Fund III will be used to invest in startups and projects that are pushing for the mass adoption of blockchain and crypto technologies. This could include making investments in infrastructure, toolings, and applications that are designed to make the Web3 space more accessible and easier to use and understand.
HashKey Capital’s $500 million investment round is a testament to the continuing growth of the Web3 space. It is a sign that traditional institutions and internet giants are beginning to recognize the potential of blockchain and crypto technologies, and that cryptocurrency can be used as an asset class to diversify portfolios. The investment fund is also a sign that investing in a fund is a great way to engage with the Web3 space, as it makes it easier to understand and use.