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Laxman Pai, Opalesque Asia:

Crypto-focused global asset manager HashKey Capital has raised another $500 million for investments in the Web3 ecosystem. The fund will invest in crypto and blockchain initiatives around the world with a focus on emerging markets.

HashKey FinTech Investment Fund III was backed by institutional investors, including sovereign-wealth funds, businesses, and family offices, according to a press release from the investment arm of financial services firm HashKey Group.

"Most people from the industry recognize HashKey Group as a global investment pioneer in blockchain, but few are aware that the HashKey Group was the inspiration behind the name 'Shanghai Upgrade' for Ethereum. As one of the earliest institutional investors in Ethereum and the host of Devcon2, we have maintained since the first day that the power of blockchain and crypto innovation can create a better future," said Dr. Xiao Feng, Chairman of HashKey Group.

"Fund III will follow our time-tested investment principles while also looking for game-changers, which would be those that will propel the industry forward into the next stage," added Dr. Xiao.

According to the release, Fund III will provide investors with institutional-grade exposure to all facets of blockchain and crypto technologies. This new fund aims to invest primarily in infrastructures, toolings, and applications that have the potential for mass adoption.

"HashKey Capital has we......................

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