HashKey Capital Raises $250M First Close for Crypto Fund Targeting $500M

HashKey CapitalDealroom has a profile for this one. Try Dealroom →, the digital asset investment arm of Hong Kong–based HashKey Group, has secured $250 million at first close for its latest crypto fund , which is targeting $500 million in total commitments . The fund attracted backing from a mix of institutional investors, family offices and high-net-worth individuals.

Founded in 2018, HashKey Capital has established itself as one of Asia’s more prominent crypto-focused asset managers, with investments spanning blockchain infrastructure, decentralised finance, Web3 applications and digital asset protocols.

The firm manages more than $1 billion in assets and has built a global portfolio across hundreds of blockchain projects, positioning itself as a bridge between traditional capital and the digital asset economy.

The new fund is designed to pursue a diversified strategy across liquid tokens and venture investments, with a focus on projects aligned with regulatory compliance and long-term adoption.

HashKey Capital has said the fund will continue its emphasis on infrastructure and applications that underpin the next phase of blockchain development, particularly as institutional participation increases.

The fundraising comes as regulatory frameworks in markets such as Hong Kong continue to mature, offering greater clarity for institutional investors considering crypto allocations.

Sources:
Hashkey Capital
Cointelegraph
Cointime
CoinJournal

J.V.