New Zealand markets closed
  • NZX 50

    11,267.39
    +60.46 (+0.54%)
     
  • NZD/USD

    0.6410
    +0.0027 (+0.43%)
     
  • NZD/EUR

    0.6062
    +0.0037 (+0.62%)
     
  • ALL ORDS

    7,391.00
    +87.70 (+1.20%)
     
  • ASX 200

    7,145.60
    +81.10 (+1.15%)
     
  • OIL

    110.35
    +0.46 (+0.42%)
     
  • GOLD

    1,845.10
    +3.90 (+0.21%)
     
  • NASDAQ

    11,835.62
    -40.01 (-0.34%)
     
  • FTSE

    7,389.98
    +87.24 (+1.19%)
     
  • Dow Jones

    31,261.90
    +8.77 (+0.03%)
     
  • DAX

    13,981.91
    +99.61 (+0.72%)
     
  • Hang Seng

    20,717.24
    +596.56 (+2.96%)
     
  • NIKKEI 225

    26,739.03
    +336.19 (+1.27%)
     
  • NZD/JPY

    81.9320
    +0.4160 (+0.51%)
     

Hong Kong's HashKey Group Raises $360M Blockchain Fund

·1-min read

Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new blockchain fund.

  • The fund will tap into venture equity in Asian startups as well as early-stage companies and major liquid tokens, the company said in a press release on Friday. It will not target any specific verticals within the blockchain field.

  • Given how much the deployment of blockchain in business and consumer cases has grown in the past year, "this is a good time to tap into the potential of the technology and leverage the advantage of early adoption," Michel Lee, executive president of HashKey Group said in the press release.

  • HashKey Group has invested in some of the world's biggest blockchain projects, including cross-chain protocol Polkadot, crypto lender BlockFi, decentralized finance protocol Terra, non-fungible token and metaverse fund Animoca Brands, privacy tool Mask and blockchain node infrastructure provider Blockdaemon.

  • HashKey has also invested in firms dealing in brokerage, custody, and staking.

Read more: Privacy-Focused Blockchain Secret Network Announces $400M in Funding

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting