HashKey Capital has closed the first tranche of HashKey Fintech Multi-Strategy Fund IV with US$250 million in commitments, marking a significant step toward a targeted final AUM of US$500 million. The vehicle will employ a multi-strategy approach, combining a public-market strategy with liquidity-generating crossover opportunities and selective private investments to capture inefficiencies in the digital assets sector. Based in Singapore with a footprint in Hong Kong and Japan, the firm has built a track record as a regulated investment pioneer and early Ethereum backer, having managed over US$1 billion in client assets since inception.
HashKey’s governance and licensing position in Hong Kong includes upgrades for Type 1 (Dealing in Securities), Type 4 (Securities Advisory) and Type 9 (Asset Management) services, underscoring its role as a bridge between Eastern and Western crypto ecosystems. The group has launched Hong Kong-listed spot ETFs for Bitcoin and Ether and organized the Hong Kong Web3 Festival, illustrating its involvement across traditional finance and digital assets. CEO Deng Chao stated that the new capital places HashKey to capture growth in emerging markets and scale blockchain innovations globally, while founder Dr. Xiao Feng emphasized the convergence of AI, blockchain and institutional finance creating unprecedented opportunities.
Fund IV aims to provide institutional-grade exposure across blockchain and crypto technologies, with investments spanning infrastructures, tooling, and mass-adoption applications. The fund will balance a public-market strategy with liquidity-focused crossover opportunities and selective private-market investments to enhance alpha, reflecting HashKey’s multi-facet investment framework. Fund I’s DPI of over 10x signals robust institutional appetite for high-conviction blockchain exposure amid changing market dynamics.
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