$360M Blockchain Fund Raised by HashKey Group of Hong Kong
Hashkey Group of Hong Kong is the digital assets and blockchain arm of the Chinese conglomerate Wanxiang Group, which has received $360 million from investors for a new blockchain fund.
The acquired fund will help in gaining equities in new startups in Asia, as well as in major liquid tokens and early-stage companies. There is no specific target of the Hashkey group in the blockchain field.
Given the growth of the blockchain in the last year, the organizations define this time to be the best time to tap into the potential of technology and benefit from its early adoption.
HashKey has already invested in some of the biggest blockchains in the world, including cross-chain protocol Polkadot, crypto lender BlockFi, NFT and metaverse fund Animoca brands, blockchain node infrastructure provider Blockdaemon, privacy tool Mask, and decentralized finance protocol Terra.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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