Hashkey Capital

Basics

• Hong Kong based (1-2023)

HashKey Chain

• HashKey Group, an Asia-based cryptocurrency financial services firm, is officially listing its platform token, HSK, in the third quarter of this year, with a community airdrop expected later this month (18-6-2024):

"HSK is a token designed to be based on the ERC-20 standard, with a total supply of one billion units, according to the statement. HashKey added that about 65% of the supply would be allocated for ecosystem growth, 30% to the staff and 5% to a reserve fund. When it comes to the token’s burning mechanism, HashKey said it plans to have the discretion to purchase an amount of HSK up to 20% of net profits generated from specified HashKey businesses and then burn the acquired HSK from the token’s supply. HSK will incentivize ecosystem contributors to HashKey's L2 ‘Ecosystem Chain,’ HashKey Chain."

Investments

• HashKey Capital has raised another $500 million for investments in the Web3 ecosystem. HashKey’s fund, “FinTech Investment Fund III” (Fund III), received commitments from a range of institutional investors, “including sovereign wealth funds, corporations, and family offices,” per an announcement from HashKey (17-1-2023). HashKey has managed over $1 billion in client assets since launching in 2018.
• Acala
• AltLayer; part of the second round in 2 months of $14.4M (19-2-2024).
• Avail; part of the $43 million in its Series A funding round (4-6-2024)
• Aztec; part of their Series B $100M raise (16-12-2022).
• Babylon; part of their $70M pre-launch round (30-5-2024).
• BeraChain; part of the Series B $100M (12-4-2024).
• BlockFi
• BlockPI; part of their $3M seed round (28-1-2022).
• Blockstack
• Braintrust; according to this thread (8-2021).
• Casper
• Catalyst; participated in their $4.2M seed raise (26-4-2023).
• ChainSafe; took part in the Series A of $18.75M (18-10-2022)
• Decrypt; is one of the 22 investors in Decrypt (28-6-2022).
• dYdX
• Evmos; took part in their $27M token sale (2-11-2022)
• The Graph
• Insurace
• INTMAX; part of their $5M seed round (13-3-2023).
• Lava Network; part of the $15M seed raise (15-2-2024).
• Mask Network
• Nym; part of their $300M Privacy-Centric 'Innovation Fund'
• Opium Protocol
• Polkadot
• Secret Network
• WalletConnect; part of their $12.5M raise (2-11-2022).
• Zenlink

Team

• Deng Chao; CEO
• Wanxiang Labs; strategic partner
• In January 2024, HashKey Group announced that it raised nearly $100 million in its Series A financing round at a pre-money valuation above $1.2 billion.