Digital asset financial services firm HashKey Capital is planning to launch a regulated liquid digital assets fund through the Hong Kong Securities and Futures Commission (HK SFC) on September 1. The firm aims to raise a minimum of $100 million for this open-ended fund, focusing exclusively on virtual assets, media reports said.
This move comes as Hong Kong has reestablished itself as a prominent global crypto hub following the establishment of a robust digital asset regulatory framework.
Notably, the new fund will be launched in less than nine months after the successful closure of the HashKey FinTech Investment Fund III, which garnered $500 million in committed capital from institutional investors, including family offices and sovereign wealth funds.
“We are one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore. The HashKey Group was an early supporter of crypto and blockchain technology, and we are pleased to continue to take on this responsibility, and work with our partners to establish the gold standard for the industry’s sustainable growth.” said Deng Chao, CEO of HashKey Capital and Head of HashKey Singapore, had said on this occassion.
Bloomberg had previously reported, citing insider sources, that HashKey was seeking to raise anywhere from $100 million to $200 million at a valuation of $1 billion.
