HashKey Has ‘Weathered at Least Three Cycles.’ $500M Fund Is Latest Proof.
टेक्नोलॉजी हैशकी ने कम से कम तीन चक्रों में अपक्षय किया है। $500M फंड नवीनतम प्रमाण है। बिटकॉइन एथेरियम समाचार HashKey Capital has raised half a billion dollars for the cryptoasset managers latest vehicle. The fund, HashKey Fintech Investment III, is designed to key in on “the growing opportunities in emerging [digital asset] markets,” the firm said in a statement on Tuesday. Its a notable $500 million haul in unsteady crypto markets, and the funds have been earmarked to invest in a number of cryptocurrency and blockchain initiatives globally — under that emerging markets focus. Limited partners, according to HashKey, include sovereign wealth funds and family offices. HashKey has “weathered at least three cycles in the industry,” according to Dennis Chao, the asset manager‘s chief executive. The firm’s parent company, Hong Kong-headquartered HashKey Group, is known as a specialist in investing in blockchain projects in Asia and was an early backer of Ethereum — dating back to 2015. “These unique experiences and insights will be invaluable to us in navigating through turbulence,” Chao said in a statement. Chaos firm has since backed a number of crypto projects that have since moved into the limelight, including Cosmos, dYdX, Animoca Brands and Polkadot. The cryptoasset manager launched in 2018. HashKey Group