HashKey Capital Allocates Significant Portion of New Fund to Altcoins
HashKey Capital, the investment arm of Hong Kong-based crypto giant HashKey Group, has launched a new fund that aims to invest in major altcoins. The fund plans to allocate less than 50% of its investment to Bitcoin and Ethereum, with the remaining portion going to other altcoins. The fund has already secured potential clients, primarily high-net-worth individuals and investment firms serving wealthy Asian families. In addition to crypto investments, a portion of the fund’s holdings will be in cash. HashKey Capital, which manages over $1 billion in assets, is targeting to raise $100 million for the fund over the next year. The company is also developing distribution channels with offshore Chinese financial institutions.
– HashKey Capital launches new fund focused on major altcoins
– Fund aims to invest less than 50% in Bitcoin and Ethereum
– High-net-worth individuals and investment firms are the target clients
– Cash holdings will be included in the fund’s portfolio
– $100 million is the fundraising target for the next 12 months
Hong Kong’s Crypto-Friendly Stance Attracts Digital Asset Firms
Hong Kong’s government has actively embraced cryptocurrencies and addressed the market demand for alternative assets. The Securities and Futures Commission (SFC) has awarded licenses to exchanges under a new crypto licensing regime, allowing retail investors to trade specific “large-cap tokens” on licensed exchanges. This favorable regulatory environment has led to the hosting of numerous crypto-related conferences in Hong Kong and attracted over 80 virtual asset-related companies to establish their presence in the city-state. In contrast, US regulators have increased scrutiny of the crypto industry following high-profile collapses.
– Hong Kong’s government actively embraces cryptocurrencies
– SFC awards licenses to crypto exchanges
– Retail investors can trade “large-cap tokens” on licensed exchanges
– Hong Kong hosts numerous crypto-related conferences
– Over 80 virtual asset-related companies express interest in the city-state
Hot Take: HashKey Capital Seizes Opportunities in Altcoins
As the crypto market continues to evolve, HashKey Capital’s decision to allocate a significant portion of its new fund to altcoins demonstrates its belief in the potential of these digital assets. By diversifying investments beyond Bitcoin and Ethereum, HashKey Capital aims to capture above-market returns for its clients. Hong Kong’s crypto-friendly stance further supports the growth of the digital asset industry in the region, attracting both investors and companies. As the demand for alternative assets increases, more financial institutions are likely to follow HashKey Capital’s lead and explore opportunities in altcoins.
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