HashKey Capital forms liquid fund with heavy altcoin focus: Reuters

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By BitcoinWiki News

Key Takeaways:

– HashKey Capital, the investment arm of HashKey Group, has launched a secondary market crypto fund
– The fund aims to invest heavily in altcoins
– Reuters reports that the fund has secured potential clients, including high-net-worth investors and Asian family offices
– The firm aims to raise $100 million for the new fund over 12 months
– Investments in Bitcoin and Ethereum will account for less than half of the fund’s holdings
– The firm’s venture portfolio includes Aztec, Blockdaemon, dYdX, Animoca Brands, and Polkadot
– Earlier this month, HashKey Exchange became the first crypto outfit in Hong Kong to obtain a license under the city’s new licensing regime
– The exchange has started offering crypto trading services to retail clients and aims to grow its registered user base to between 500,000 to 1 million by the end of this year
– The firm anticipates a more bullish market next year and targets to serve 10 million users by 2025


Hong Kong crypto financial services firm HashKey Capital, which is the investment arm of HashKey Group, has launched a secondary market crypto fund that will focus heavily on altcoins. The fund has already secured potential clients, including high-net-worth investors and Asian family offices. The firm aims to raise $100 million for the fund over the next 12 months. HashKey Capital currently has over $1 billion in assets under management and closed its third venture fund at $500 million in January. The portfolio manager of the new fund, Jupiter Zheng Jialiang, stated that investments in bitcoin and ether will account for less than half of the fund’s holdings, with the rest diversified into altcoins and cash. The firm’s venture portfolio includes Aztec, Blockdaemon, dYdX, Animoca Brands, and Polkadot. HashKey Exchange, which is affiliated with HashKey Capital, recently obtained a license that allows it to offer retail crypto trading services in Hong Kong. The exchange aims to grow its registered user base to between 500,000 and 1 million by the end of this year and hopes to serve 10 million users by 2025.

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