HashKey Capital, a subsidiary of HashKey Holdings, officially announced the first close of its HashKey Fintech Multi-Strategy Fund IV with $250 million raised from institutional investors, family offices, and high-net-worth individuals. The fund aims for a $500 million final close and will invest in blockchain infrastructure, scalable real-world applications, and projects that bridge traditional and blockchain finance. Operating from Singapore with licenses in Hong Kong, HashKey now manages over $1 billion across more than 400 crypto projects and remains a prominent backer of Ethereum. The company also supported the launch of Hong Kong’s first spot bitcoin and ether ETFs, following its parent firm’s public debut in Hong Kong this year.