Share this article
Crypto Investor HashKey Aims to Raise $100M for New Digital Assets Fund
The liquid digital assets fund, regulated by the Hong Kong Securities and Futures Commission, will open for investments on Sept. 1.
By Brandy Betz
Aug 4, 2023, 4:56 p.m.
Make us preferred on Google
HaskKey Capital, a digital asset financial services firm, announced plans to launch a liquid digital assets fund regulated by the Hong Kong Securities and Futures Commission (HK SFC) on September 1. HashKey is aiming to raise at least $100 million for the open-ended fund, which will focus entirely on virtual assets, a HashKey representative told CoinDesk.
The liquid assets fund comes after Hong Kong reemerged as one of the global crypto hub due to the creation there of a digital asset regulatory structure. The new fund will also open less than nine months after the close of the HashKey FinTech Investment Fund III with $500 million in committed capital from institutional investors, including family offices and sovereign wealth funds. Bloomberg reported in May that HashKey was looking to raise between $100 million and $200 million at a $1 billion valuation, citing sources familiar with the matter.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The liquid assets fund comes after Hong Kong reemerged as a global crypto hubs due to the creation of a digital asset regulatory structure. The new fund will also open less than nine months after the close of the HashKey FinTech Investment Fund III with ent portfolio that’s entirely made up of digital assets.a
More For You
Harvard cuts bitcoin exposure by 20%, adds new ether position
The shift may be due to complex market dynamics, potentially reflecting the unwinding of a trade that capitalized on bitcoin treasury companies trading at premiums to their mNAV.
What to know:
- Harvard University made its first investment in ether, purchasing nearly 3.9 million shares of the iShares Ethereum Trust (ETHA) while reducing its stake in the iShares Bitcoin Trust (IBIT).
- The shift may be due to market dynamics, potentially reflecting the unwinding of a strategy that capitalized on bitcoin treasury companies trading at premiums to their mNAV.
- Institutions cut ownership of IBIT shares to 230 million in the fourth quarter from 417 million in the third
Top Stories
