The HashKey Fintech Investment Fund III is backed by institutional investors including sovereign wealth funds, corporations, and family offices. According to a statement, the “capital from Fund III will be deployed to advance outstanding crypto and blockchain initiatives globally, focusing on the growing opportunities in emerging markets”. Since its inception in 2018, HashKey Capital has managed over US$1 billion in client assets. HashKey Capital announced during the Singapore Fintech Festival 2022 that it had received in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore. “We are one of the few crypto investors that have been granted a license for fund management involving digital assets in Hong Kong, with another approval in principle received for fund management in Singapore.