HashKey Capital, a global investment firm specializing in crypto and blockchain, has successfully closed the first phase of its newest fund, HashKey Fintech Multi-Strategy Fund IV, raising $250 million. This early fundraising round surpassed expectations and saw strong interest from global institutional investors. The firm aims to double that amount, targeting a final fund size of $500 million.

This fourth fund is managed by HashKey Capital Investment, a division of the larger HashKey Group. Investors include a mix of institutions, wealthy individuals, and family offices. Their continued interest shows that demand for smart investments in digital assets remains strong, even with uncertain economic and market conditions.

HashKey Capital has a solid track record. Their very first fund returned more than 10 times the money put in, proving their ability to pick high-potential blockchain projects. With Fund IV, the company plans to invest in a variety of strategies to support the growth of digital assets. Key focus areas include blockchain infrastructure, scalability solutions, and technologies that can help bring blockchain to mainstream users.

This new fund will blend investments in public markets—such as listed cryptocurrencies—with private deals in emerging tech startups. It will also look for crossover opportunities that offer both liquidity and long-term growth. The goal is to take advantage of inefficiencies in the digital asset space while managing risks wisely.

By combining short-term liquidity strategies with long-term investments in promising blockchain platforms and tools, HashKey hopes to stay flexible through market ups and downs. At the same time, it wants to back projects that are positioned to benefit from long-term trends in fintech and blockchain innovation.

Since its founding in 2018, HashKey Capital has become a major player in global crypto investing. The firm now manages over $1 billion in assets and has invested in more than 400 blockchain-related projects worldwide. Notably, HashKey was one of the early institutional investors in Ethereum and maintains offices across Asia, including Singapore, Hong Kong, and Japan.

In addition to investing, HashKey has been involved in developing regulated digital asset products. For example, it helped launch Hong Kong’s first spot Bitcoin and Ether exchange-traded funds (ETFs), which are now listed on the city’s stock exchange.

HashKey Capital CEO Deng Chao said the new fund will help the company tap into fast-growing markets where blockchain applications are being tested and scaled. Dr. Xiao Feng, founder of HashKey Group, added that the merging of AI, blockchain, and institutional finance is creating exciting new investment opportunities. Fund IV aims to back projects with both strong technology and clear business potential.

Ultimately, Fund IV is designed to give investors professional-grade access to different layers of the blockchain ecosystem—ranging from infrastructure and developer tools to real-world applications—focusing on those with potential for widespread adoption.