top of page
  • Writer's pictureHashKey Group

HashKey Capital will launch a liquid crypto fund on September 1, aiming to become the largest in Asia within a year



August 5, 2023 | Alongside with its license upgrade, HashKey Capital will launch a liquidity digital asset fund reviewed by Hong Kong Securities and Futures Commission on 1 Sep. The fund will be managed by HashKey Capital Limited and plans to invest in a portfolio of 100% virtual assets. The fund is targeted to become the largest liquid crypto fund in Asia within one year.

 

Founded in 2017, HashKey Capital is one of the largest and most respected institutional asset managers globally focusing exclusively on digital assets and blockchain technology. As one of the earliest institutional investors in Ethereum, HashKey Capital has invested in more than 500 projects with total assets under management (AUM) exceeding $USD 1 billion.

 

Recently there has been positive momentum in the crypto industry, especially in Hong Kong. BlackRock’s filing for a spot Bitcoin exchange-traded fund, the emergence of Hong Kong's licensed virtual asset trading platform, and the establishment of Hong Kong Web3 Development Task Force, all indicating the government’s determination to build Hong Kong into a global Web3 Hub. In this context, HashKey Capital's launch of its first liquid crypto fund regulated by the SFC would help to accelerate the development of Hong Kong's Web3 industry and provide professional investors with more diversified crypto asset investment options.

 

In September of 2022, HashKey Capital Limited obtained approval from the Hong Kong Securities and Futures Commission (HK SFC) to uplift its license in Type 9 (asset management), which means that it can build an investment portfolio consisting entirely of digital assets, and it became one of the few compliant digital asset fund managers in Hong Kong.

 

As of July 2023, according to publicly available records from the Hong Kong Securities and Futures Commission, there are only nine active Type 9 asset management companies engaging in virtual asset-related activities, which includes HashKey Capital Limited. In addition, other entities within HashKey Group hold multiple licenses in the region, including Types 1, 4, 7 and 9 License in Hong Kong, as well as an in-principle approval for a CMS license for fund management in Singapore. From this perspective, HashKey Group is one of the largest and best regulated institutional providers of digital assets in Asia.

 

HashKey Capital has built up years of knowledge and industry insights in crypto and web3 venture investing, as well as resources and industry connections that differentiate it from other liquid crypto funds. The team comprises over ten senior crypto venture investment professionals with backgrounds in both crypto and traditional investment. These unique advantages will empower HashKey Capital’s liquid crypto fund.

 

HashKey Capital’s fund operations follows world-class institutional standards and transparency, and partners with tier-one service providers (such as KPMG, Coinbase). Regulatory Compliance is highly prioritised by HashKey Capital, as this is particularly important consideration and investment criterion for traditional institutions.

 

The lead portfolio manager of the new fund, Jupiter Zheng, has more than seven years of experience in research and investments in TMT and Financials space, and more than five years of experience in crypto and blockchain research. In addition, Jupiter has authored and published a best-selling book on blockchain called "Blockchain and Crypto Assets Investment Guide." Jupiter will integrate his deep understanding of both web 2 and web 3 industries to manage the liquid crypto fund product for investors, allowing them to have direct opportunities to participate in the exciting new fields of cryptos and blockchain.

 

The fund will officially accept investor subscriptions starting from September 1, 2023.


 

Notes and Disclaimer 

Views, information and opinions expressed in this material are those of the individuals involved and do not necessarily represent that of the HashKey Group (including any of its affiliates). While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors. 

This material should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. We are not acting as a financial adviser, consultant or fiduciary to you with respect to any information provided in this material.  We do not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented in the materials.

Any decision made by a party after accessing to this material shall be on the basis of its own research and not be influenced or based on any view expressed in this material or otherwise. This material does not address all risks. This material does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of you. You should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies. The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this material. 

By accessing this material, you acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this material. The information, opinions, and recommendations presented in this material are for general information only and any reliance on the information provided in this material is done at your own risk. This material should not be considered professional advice. Moreover, the HashKey Group makes no warranty that this material, or the medium that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. 

By accessing this material, you acknowledge that the entire contents and design of this material, are the property of the HashKey Group, or used by the HashKey Group with permission, and are protected under applicable copyright and trademark laws. Except as otherwise provided herein, users of this material may save and use information contained in this material only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this material may be made without the prior written permission of the HashKey Group. 

Unless specifically stated otherwise, the HashKey Group does not endorse, approve, recommend, or certify any information, product, process, service, or organisation presented or mentioned in this material, and information from this material should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this material do not necessarily reflect the opinions, standards or policies of the HashKey Group. The HashKey Group assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this material or the compliance with applicable laws of such materials and/or links referenced herein. 

The HashKey Group expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, reliance on, or inability to use, this material or the information presented in this material.

47 views

Comments


bottom of page