HashKey Capital, a global asset manager, has closed its funding round for its ‘FinTech Investment Fund III’. The intention is to invest in startups and projects to strengthen the mass adoption of this technology.
HashKey Capital Closes Successful Investment Round with $500 Million for FinTech Investment Fund III
Despite the current tough times in the crypto industry, where many companies have moved into the greater Web3 space, investments continue to be made. On January 17, global asset manager HashKey Capital announced that it has completed an investment round. They have raised no less than $500 million for their FinTech Investment Fund III.
The company will use this money to invest in infrastructure, tools and applications that will drive mass adoption of blockchain and crypto technologies.
Xiao Xiao, the investment director of HashKey Capital, said collaborations in the Web3 space play an important role in attracting investors. He said Web3 is growing rapidly and more and more traditional institutions and internet giants are interested in crypto.
Web3 is growing too fast to ignore. Many traditional institutions and internet giants are interested in crypto. Some are learning how to participate in this paradigm shift.
According to Xiao, financial organizations can look at cryptocurrency as another asset class to diversify their portfolio. Moreover, he emphasized that investing in a fund is an easy way to participate in the Web3 space. The crypto winter has also led to a change in the type of investors entering the space, with more and more institutional investors focusing on long-term value and returns rather than short-term goals.
Infrastructure layer innovations
Founded in 2018, HashKey Capital has over $1 billion in assets under management and has invested in some of the industry’s leading players, such as Animoca Brands, Polygon, Moonbeam, and Blockdaemon.
The Web3’s infrastructure layer has made significant progress in recent years, with improvements in areas such as interoperability, privacy, and data availability. Despite these developments, there are relatively few successful examples of the application of these technologies in practice.
It is therefore crucial that we continue to focus on creating an intermediate layer that integrates infrastructure into practical use cases. This intermediate layer must be user-friendly and easy to use for the masses. By creating an accessible middle layer, we can increase the chances of widespread adoption of blockchain and crypto technology. This will be a crucial step in building a strong and sustainable foundation for the crypto industry going forward.