In a major show of institutional confidence, HashKey Capital has successfully raised $250 million for the initial close of its fourth dedicated cryptocurrency fund. The fund, officially named the "HashKey Fintech Multi-Strategy Fund IV," has already exceeded initial expectations and is targeting a final size of $500 million.
The capital was raised from a prestigious mix of global institutional investors, sophisticated family offices, and high-net-worth individuals, highlighting a shift from speculative interest to substantial, long-term commitments. HashKey Capital's CEO, Deng Chao, stated the new capital positions the firm to "capture the massive growth occurring in emerging markets," which he described as the "true testing grounds for blockchain’s real world applications."
The fund will employ a multi-strategy approach with a deliberate focus on investing in foundational blockchain infrastructure and projects demonstrating high scalability and mass adoption potential. This strategy underscores a mature investment thesis aimed at strengthening the core pillars of the Web3 ecosystem.
This fundraising milestone is seen as a vital barometer for the venture landscape in digital assets, signaling renewed institutional conviction following a period of market contraction and reduced liquidity from short-term providers. HashKey Capital, the investment arm of the Hong Kong-based HashKey Group, is an established player, having managed over $1 billion in assets and invested in more than 400 projects globally since its 2018 launch.
