HashKey Capital has secured $250 million in commitments for its fourth fund, exceeding expectations. The firm aims for a final fund size of $500 million, with a diverse investor base including institutional allocators and high-net-worth individuals. Fund IV will focus on digital asset initiatives, public-market strategies, and private-market allocations to enhance returns.

The firm’s track record in blockchain investing includes a distributed-to-paid-in multiple of over 10x for its inaugural fund. Fund IV will pursue a multi-strategy mandate supporting infrastructure, scalability, and mass adoption use cases in the digital asset ecosystem. The strategy includes public and crossover investments, as well as selective private-market allocations for enhanced risk-adjusted returns.

HashKey Capital, founded in 2018, manages over $1 billion in assets and has offices in Singapore, Hong Kong, and Japan. The firm has been an early institutional backer of Ethereum and has played a role in developing regulated digital asset products in Hong Kong. The new fund will capture growth in emerging markets testing blockchain applications at scale.

CEO Deng Chao highlights the opportunity for growth in emerging markets with blockchain applications, while Founder Dr. Xiao Feng sees new investment opportunities emerging from the convergence of artificial intelligence, blockchain, and institutional finance. Fund IV aims to support projects demonstrating technical capability and commercial viability in the evolving blockchain and fintech landscape.

Read more at Yahoo Finance: HashKey Capital Secures $250M First Close for Fund IV, Targets $500M AUM