{"id":4993,"date":"2025-12-24T11:56:49","date_gmt":"2025-12-24T11:56:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=4993"},"modified":"2025-12-24T11:56:49","modified_gmt":"2025-12-24T11:56:49","slug":"hashkey-raises-250m-for-new-crypto-fund-on-strong-investor-demand","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=4993","title":{"rendered":"HashKey raises $250M for new crypto fund on strong investor demand"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf.png\" alt=\"HashKey Capital closes major crypto fund amid institutional shift\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The fund targets infrastructure and scalable blockchain use cases, with a focus on emerging markets.<\/li>\n<li>Market makers have reduced activity since the Oct. 10 crash, while ETF flows signal lower institutional participation.<\/li>\n<li>The raise follows HashKey\u2019s $206 million IPO on the Hong Kong stock exchange.<\/li>\n<\/ul>\n<p>Institutional capital is taking a longer view of crypto markets as short-term liquidity thins out.<\/p>\n<p>That shift is reflected in the first close of a new fund by HashKey Capital, which has secured $250 million in commitments despite choppier trading conditions.<\/p>\n<p>The rise highlights how large investors are repositioning after a volatile period marked by heavy liquidations, ETF outflows, and retreating market makers.<\/p>\n<p>Rather than chasing near-term price moves, capital is increasingly being directed toward infrastructure, financial technology, and real-world blockchain applications with longer-run potential.<\/p>\n<h2>Fund strategy and scale<\/h2>\n<p>HashKey Capital said its fourth crypto-focused vehicle, the HashKey Fintech Multi-Strategy Fund IV, exceeded expectations at its first close and is targeting a final size of $500 million.<\/p>\n<p>The fund is designed to deploy capital across multiple strategies, with a focus on core infrastructure and scalable use cases aimed at broader adoption.<\/p>\n<p>According to the firm, emerging markets are expected to play a central role, as these regions are increasingly acting as testing grounds for blockchain-based financial services and applications.<\/p>\n<h2>Institutional conviction on the back foot<\/h2>\n<p>The timing of the close is notable. Crypto markets have been adjusting after a sharp sell-off earlier in October, when a major liquidation event triggered widespread deleveraging.<\/p>\n<p>In a Tuesday post on X, 10x Research said many traders and market makers had reduced activity following the Oct. 10 crash, contributing to thinner liquidity.<\/p>\n<p>Since early November, the 30-day moving average of net flows into US spot Bitcoin and Ether ETFs has turned negative, suggesting that capital is being redeployed or held on the sidelines as conditions tighten.<\/p>\n<h2>Track record and expansion<\/h2>\n<p>Fund IV builds on HashKey Capital\u2019s established presence in Asia\u2019s digital asset sector.<\/p>\n<p>Since launching in 2018, the firm has grown to manage more than $1 billion in assets and has invested in over 400 projects globally.<\/p>\n<p>Its first fund recorded a distributed-to-paid-in ratio of more than 10x, underlining the scale of returns achieved in earlier cycles.<\/p>\n<p>The firm is headquartered in Singapore and operates across Hong Kong and Japan.<\/p>\n<p>It is part of the broader HashKey Group, which was among the first in Hong Kong to secure a crypto exchange licence.<\/p>\n<p>The group has also been involved in launching the city\u2019s first spot Bitcoin and Ether ETFs, adding to its regulatory and market footprint.<\/p>\n<p>The fundraise comes shortly after HashKey\u2019s entry into public markets.<\/p>\n<p>Last week, the company made its trading debut on the Stock Exchange of Hong Kong following a $206 million initial public offering.<\/p>\n<p>The listing adds another layer of visibility at a time when scrutiny of crypto firms remains high and access to traditional capital markets is becoming more selective.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>Markets,Blockchain News,China,IPO#HashKey #raises #250M #crypto #fund #strong #investor #demand1766577409<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund targets infrastructure and scalable blockchain use cases, with a focus on emerging markets. Market makers have reduced activity since the Oct. 10 crash, while ETF flows signal lower institutional participation. The raise follows HashKey\u2019s $206 million IPO on the Hong Kong stock exchange. Institutional capital is taking a longer view of crypto markets<\/p>\n","protected":false},"author":1,"featured_media":4994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-4993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HashKey raises $250M for new crypto fund on strong investor demand - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"HashKey Capital secures $250 million in its latest fund as institutional investors reassess crypto exposure amid tighter liquidity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=4993\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HashKey raises $250M for new crypto fund on strong investor demand\" \/>\n<meta property=\"og:description\" content=\"HashKey Capital secures $250 million in its latest fund as institutional investors reassess crypto exposure amid tighter liquidity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=4993\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-24T11:56:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=4993\",\"name\":\"HashKey raises $250M for new crypto fund on strong investor demand - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf.png\",\"datePublished\":\"2025-12-24T11:56:49+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"HashKey Capital secures $250 million in its latest fund as institutional investors reassess crypto exposure amid tighter liquidity.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=4993\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2025\/12\/20251224_1452_Crypto-Fund-Closure_simple_compose_01kd7tm3f2e4xava5wzy390htf.png\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=4993#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HashKey raises $250M for new crypto fund on strong investor demand\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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