Overview
- HashKey Capital locked $250 million in commitments for its fourth crypto fund from institutions, family offices and high-net-worth investors, with specific backers undisclosed.
- Fund IV is targeting a $500 million final close and will invest across public and private opportunities through a multi‑strategy approach.
- The vehicle prioritizes blockchain infrastructure and real‑world applications designed for broader adoption, with a focus on emerging economies.
- The raise follows a pullback in short‑term crypto liquidity after the Oct. 10 sell‑off and recent negative net flows into U.S. spot Bitcoin and Ether ETFs, pointing to longer‑horizon allocations.
- HashKey’s parent recently listed in Hong Kong after a roughly $206 million IPO, and the company’s shares rose about 4% after the fundraising announcement.