Overview
- Commitments came from institutional investors, family offices, and high-net-worth individuals, with specific backers not disclosed.
- The fund will invest across public and private markets and includes crossover strategies that link traditional finance with blockchain.
- HashKey places particular emphasis on emerging markets as proving grounds for payments, financial infrastructure, and digital services.
- The announcement follows HashKey Holdings’ roughly $206 million Hong Kong IPO, and the stock rose about 4% after the news.
- The first close lands as market makers retreat following October’s liquidation event and rolling flows into U.S. spot crypto ETFs turn negative.