A company that provides financial services for digital assets called HaskKey Capital has announced intentions to introduce a liquid digital assets fund on September 1 that will be overseen by the Hong Kong Securities and Futures Commission (HK SFC). The open-ended fund, which will only invest in digital assets, will have a minimum fundraising goal of $100 million from HashKey.
The introduction of a legislative framework for digital assets in Hong Kong led to its reemergence as a major global crypto hub, which was followed by the launch of the liquid assets fund. With $500 million in committed money from institutional investors, including family offices and sovereign wealth funds, the new fund will likewise launch fewer than nine months after the closing of the HashKey FinTech Investment Fund III.
According to sources with direct knowledge of the situation, Bloomberg reported in May that HashKey was seeking to fund between $100 million and $200 million at a $1 billion value.
The liquid assets fund was established after Hong Kong reemerged as one of the world’s leading crypto centres as a result of the establishment of a regulatory framework for digital assets. A portfolio consisting solely of digital assets will be included in the new fund, which will launch less than nine months after the HashKey FinTech Investment Fund III closes.