HashKey Group, a Hong Kong-based digital asset financial services group, announced that its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US$360 million.

The fund seeks to invest in companies and projects building products and services utilising blockchain technology that may include but are not limited to venture equity in Asia as well as early-stage tokens and major liquid tokens.

It also aims to provide investors institutional-grade exposure to a full spectrum of blockchain technology and crypto assets.

Since 2015, HashKey Group has invested in companies and projects across the blockchain ecosystem, with a focus on public chains, open source and decentralised governance applications, protocols that offer scalability, privacy and storage solutions, as well as service providers/ crypto finance players.

The group’s portfolio currently encompasses more than 110 companies in 14 countries and territories.

Some of its higher profile investments include Polkadot, BlockFi, Terra, Animoca Brands, Mask, Cosmos, Harmony, Blockdaemon and Moonbeam.

Deng “DC” Chao, Head of Investments at HashKey Group said,

“The rise of Web 3.0 is another big theme this year, as it is poised to transform the way we work, learn, transact and interact with one another.

 

Along with blockchain, Web 3.0 promises to bring financial inclusion and allows people to take ownership of their own information, and HashKey Group is committed to fully support companies and projects who are leading this disruptive movement.”

Michel Lee, Executive President of HashKey Group, said,

“The deployment of blockchain in business and consumer cases, such as DeFi, NFT and the metaverse, has grown rapidly over the past year.

 

We believe that this is a good time to tap into the potential of the technology and leverage the advantage of early adoption.”