Share this article
Hong Kong's HashKey Group Raises $360M Blockchain Fund
Funding keeps pouring into blockchain, despite market turmoil.
Updated Apr 9, 2024, 11:20 p.m. Published Jan 28, 2022, 7:40 a.m.
Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new blockchain fund.
- The fund will tap into venture equity in Asian startups as well as early-stage companies and major liquid tokens, the company said in a press release on Friday. It will not target any specific verticals within the blockchain field.
- Given how much the deployment of blockchain in business and consumer cases has grown in the past year, "this is a good time to tap into the potential of the technology and leverage the advantage of early adoption," Michel Lee, executive president of HashKey Group said in the press release.
- HashKey Group has invested in some of the world's biggest blockchain projects, including cross-chain protocol Polkadot, crypto lender BlockFi, decentralized finance protocol Terra, non-fungible token and metaverse fund Animoca Brands, privacy tool Mask and blockchain node infrastructure provider Blockdaemon.
- HashKey has also invested in firms dealing in brokerage, custody, and staking.
Read more: Privacy-Focused Blockchain Secret Network Announces $400M in Funding
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
