Last Updated on September 1, 2023 by Bitfinsider
According to Reuters, HashKey Capital, the investment arm of Hong Kong crypto financial services giant HashKey Group, created a secondary market crypto fund on Friday that will invest aggressively in altcoins.
According to Reuters, the fund has recruited potential clients, including high-net-worth investors and Asian family offices, quoting Jupiter Zheng Jialiang, the firm’s portfolio manager. According to Reuters, the firm’s ultimate goal for the new fund is to raise $100 million over the course of a year. HashKey Capital, which manages over $1 billion in assets, closed its third venture fund in January for $500 million.
Zheng Jialiang stated that bitcoin and ether investments will account for less than half of the fund’s holdings, and that it would diversify into altcoins and cash.
According to its website, HashKey’s venture portfolio includes Aztec, Blockdaemon, dYdX, Animoca Brands, and Polkadot.
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