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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.

Updated Aug 4, 2023, 4:56 p.m. Published Aug 4, 2023, 4:56 p.m.
HashKey will launch a liquid assets fund registered in Hong Kong (Ruslan Bardash/Unsplash)
HashKey will launch a liquid assets fund registered in Hong Kong (Ruslan Bardash/Unsplash)

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.

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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

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