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HashKey Capital has confirmed the first close of its fourth crypto-focused investment vehicle, securing $250 million in commitments from investors.
The fund, named HashKey Fintech Multi-Strategy Fund IV, attracted capital from a mix of institutional investors, family offices and high-net-worth individuals.
HashKey Capital said the initial close positions the fund firmly on track to reach its targeted final size of $500 million in assets under management.
The firm stated that Fund IV will adopt a multi-strategy approach across the global blockchain and digital asset ecosystem.
Investment priorities include blockchain infrastructure, scalable technology platforms and use cases designed for mass adoption.
HashKey Capital said the strategy is intended to support long-term innovation rather than short-term speculative activity.
The fund launch comes despite ongoing volatility across cryptocurrency markets and tighter liquidity conditions.
Continued institutional interest reflects growing confidence in the long-term value of blockchain technology.
Executives said.
HashKey Capital highlighted its experience navigating multiple market cycles since its founding.
The firm currently manages more than $1 billion in assets across various crypto and blockchain-related strategies.
HashKey Capital has invested in hundreds of projects globally, building one of Asia’s most extensive crypto portfolios.
Early investments included exposure to Ethereum during its formative stages.
This track record has strengthened investor confidence in its ability to identify high-growth opportunities.
The firm said.
Fund IV is expected to place particular emphasis on emerging markets where blockchain adoption is accelerating.
HashKey Capital said these regions offer fertile ground for real-world blockchain applications.
The manager also plans to explore opportunities at the intersection of artificial intelligence, blockchain and institutional finance.
Analysts said convergence between these sectors could drive the next wave of digital infrastructure development.
HashKey Capital is headquartered in Asia and maintains a strong presence across major financial hubs.
The firm operates as part of the broader HashKey Group, which has expanded rapidly in recent years.
HashKey Group has been active in regulated digital asset services, including exchange operations and financial products.
Market observers said the successful first close highlights renewed momentum in crypto fundraising.
Institutional investors have increasingly favoured diversified, multi-strategy funds amid market uncertainty.
HashKey Capital said Fund IV is structured to remain flexible across changing market conditions.
The firm added that disciplined risk management will remain central to its investment process.
Industry participants said large-scale funds can play a key role in supporting infrastructure development.
Capital from Fund IV is expected to help scale blockchain networks and enterprise-grade solutions.
It aims to support projects that demonstrate sustainable revenue models.
HashKey Capital said.
The firm also plans to work closely with portfolio companies to support long-term growth.
Analysts said the fund’s close underscores the resilience of institutional crypto investment appetite.
HashKey Capital said further fund closes are expected as fundraising continues into the coming months.
At the time of reporting, Ethereum price was $2,938.36.