HashKey Capital closes its fourth fund's first round, raising US$ 250 million

Digital asset manager HashKey Capital, a subsidiary of HashKey Holdings, has completed the first stage of fundraising for its fourth fund, consolidating US$ 250 million from institutional investors, family offices, and high-net-worth individuals. The HashKey Fintech Multi-Strategy Fund IV, as this fourth fund is called, aims to raise a total of US$ 500 million.

The raised funds will be directed toward both public and private markets, focusing on blockchain infrastructure and applications that demonstrate scalable use cases in the real world. The fund’s strategy involves cross-investments seeking to capture value at the intersection between the traditional financial system and blockchain technologies.

$500 million target for the fourth blockchain-focused fund

The fourth fund represents an evolution in HashKey Capital’s investment strategy. With the capital already raised in the first round, the company plans to reach a final close of US$ 500 million, positioning this fourth fund as a significant vehicle to drive innovation in the digital assets sector.

This fundraising round reflects the continued confidence of sophisticated investors in the potential of the blockchain market. The diverse composition of sponsors — from large institutional funds to family offices — demonstrates the institutional growth of the crypto sector in the region.

Consolidated leadership of HashKey in Asian digital asset management

Based in Singapore, HashKey Capital has emerged as one of the leading digital asset fund managers in Asia, currently managing over US$ 1 billion in assets under management. The company operates under regulatory licenses in Hong Kong and has played a key role in launching the region’s first Bitcoin and Ether-backed exchange-traded funds (ETFs).

The firm’s trajectory includes pioneering institutional support for Ethereum and active participation in over 400 crypto projects. This extensive experience positions the fourth fund as an instrument managed by professionals with deep knowledge of the ecosystem.

Investment strategy at the intersection of traditional finance and blockchain

The fourth fund’s approach reflects a broader shift in the digital assets market, where institutional investors seek opportunities in blockchain infrastructure that generate tangible impact. Unlike purely speculative strategies, the investment philosophy emphasizes sustainability and the real-world applicability of underlying technologies.

Investments will range from layer-one protocols to decentralized applications that solve concrete problems in the financial, logistics, and other sectors of the digital economy.

Growth context of HashKey Holdings and the regional market

HashKey Holdings, the parent company, conducted its initial public offering in Hong Kong in December 2025, reinforcing the organization’s presence as a significant player in the Asian digital assets market. This event marks not only regulatory recognition of HashKey’s operations but also signals greater institutional openness for blockchain-focused companies in the region.

The success in raising the fourth fund aligns with this strategic expansion, positioning HashKey Capital to capture opportunities in an rapidly evolving market. The robustness of assets under management (AUM) figures and the diversity of supported projects reinforce the organization’s executive capacity to identify and add value in blockchain investments.