Hong-Kong investment fund raises $500M to push mass adoption in Web3

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Hong-Kong investment fund raises $500 million with the goal to invest in projects with real-life use cases.

On Jan. 17, the Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for its FinTech Investment Fund III.

Speaking with Cointelegraph, Xiao Xiao, an investment director at HashKey Capital, said the synergies in the Web3 space are a key factor to what keeps investors coming back for more. Xiao said financial organizations can see cryptocurrency as another asset class to diversify their portfolio. Likewise, he highlighted that investing in a fund creates an easy intro to engage with the Web3 space.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

PITBULL

This is great news! It's an indication that the crypto community is looking towards the future with optimism. This is BUIDL territory.

This Time is different...

0xC1fAB51379D5c7a48AD49E478C579C4e11c835C5

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines