HashKey Capital Launches Secondary Market Crypto Fund
HashKey Capital, the investment arm of HashKey Group, has launched a new secondary market crypto fund that will heavily invest in altcoins. The fund aims to raise $100 million over the next 12 months and has already secured potential clients, including high-net-worth investors and Asian family offices. The fund’s portfolio manager, Jupiter Zheng Jialiang, stated that investments in bitcoin and ether would make up less than half of the fund’s holdings, with a focus on diversifying into altcoins and cash. HashKey Capital currently manages over $1 billion in assets and closed its third venture fund at $500 million in January.
Key Points:
- HashKey Capital launches secondary market crypto fund
- Fund aims to raise $100 million over 12 months
- Investments in bitcoin and ether will be less than half of the fund’s holdings
- Diversification into altcoins and cash is a priority
- HashKey Capital manages over $1 billion in assets
Expansion in Hong Kong
Earlier this month, HashKey Exchange became the first crypto firm in Hong Kong to obtain a license under the city’s new licensing regime. This allows the exchange to offer retail services to crypto traders. The exchange has recently started offering crypto trading services to retail clients and aims to grow its registered user base to between 500,000 and 1 million by the end of the year. HashKey’s chief operating officer, Livio Weng, is optimistic about the future, stating that they anticipate a more bullish market next year and aim to serve 10 million users by 2025.
Key Points:
- HashKey Exchange obtains license to offer retail services in Hong Kong
- Offers crypto trading services to retail clients
- Aims to grow registered user base to 500,000 to 1 million by end of the year
- Anticipates a more bullish market next year
- Targets to serve 10 million users by 2025
Hot Take:
HashKey Capital’s launch of a secondary market crypto fund demonstrates the growing interest in altcoins and diversification within the crypto investment space. With a focus on raising $100 million and targeting high-net-worth investors and family offices, the fund aims to capitalize on the potential of emerging cryptocurrencies. Additionally, the expansion of HashKey Exchange in Hong Kong signals the increasing acceptance and adoption of cryptocurrencies in the region, as the exchange becomes the first to offer retail services under the city’s new licensing regime. This move positions HashKey to tap into the growing retail market and potentially attract millions of users in the coming years.
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