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HashKey Capital Raises $250M in Fund IV First Close, Targets $500M Assets Under Management

HashKey Capital Raises $250M in Fund IV First Close, Targets $500M Assets Under Management

HashKey Capital’s fourth crypto fund secured $250 million in its first close, targeting $500 million to invest in blockchain infrastructure and real-world applications across public and private markets.

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Fact Check
The assessment is based on strong, consistent evidence from multiple sources with no contradictions. The most compelling piece of evidence is a company announcement published in The Manila Times, a high-authority (0.90) and fully relevant (1.00) primary source that directly confirms HashKey Capital completed the first closing of its Fund IV for US$250 million. This core claim is corroborated by numerous other sources. Publications like The Malaysian Reserve and news aggregators like CentralCharts and finanzen.net repeatedly feature syndicated headlines announcing the exact same information. This widespread syndication strongly indicates that an official press release was distributed and picked up by various media outlets. While one source, Forbes, is anticipatory and does not confirm the event, it supports the narrative by mentioning the upcoming close of the fund, adding to the overall credibility. There is a complete lack of conflicting information across all provided sources. The combination of a direct primary source announcement and extensive, consistent corroboration provides high confidence that the statement is true.
Summary

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.

Terms & Concepts
  • Blockchain infrastructure: Foundational networks and tooling that support blockchain operations and scaling.
  • Assets under management (AUM): Total market value of assets a fund manages for investors.
  • First close: Initial fundraising milestone allowing a fund to start investing before final close.