Share this article
HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters
Less than half of the fund's investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
Updated Sep 1, 2023, 9:15 a.m. Published Sep 1, 2023, 9:15 a.m.
In this article
Digital assets financial services firm HashKey Capital's Hong Kong-regulated fund will invest a significant chunk of its assets in altcoins, Reuters reported on Friday.
Less than half of the fund's investments will be in bitcoin and ether , the two largest cryptocurrencies, so it can diversify allocations to smaller cap assets, portfolio manager Jupiter Zheng said, according to the report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Altcoin" is a broad term applied to cryptocurrencies other than bitcoin, which accounts for around half the total market cap of all cryptocurrency.
The fund, which opened for business Friday, has attracted high-net-worth individuals and investment firms serving rich Asian families as clients, Zheng told the news service.
Singapore-based HashKey Capital unveiled the fund a month ago, for which it aims to raise $100 million to invest entirely in digital assets. This followed Hong Kong reemerging as a global crypto hub following the creation of a digital asset regulatory framework in the administrative region.
HashKey did not immediately respond to CoinDesk's request for further comment.
Read More: What New York Can Learn From Hong Kong in Regulating Crypto
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
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
