HashKey Capital
HashKey Capital is a Singapore-headquartered, SFC-regulated digital asset and blockchain investment firm managing over US$1 billion through venture funds, liquid funds, and ETFs, serving institutional investors, family offices, and high net worth individuals across Asia Pacific.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingServices
What HashKey Capital does
HashKey Capital is a Singapore-headquartered digital asset and blockchain investment firm operating under SFC Type 1, 4, and 9 licenses in Hong Kong and operating as a subsidiary of HashKey Group. Founded in 2018 (with firmographic data also citing 2015) as one of the earliest institutional investors in Ethereum, the firm manages over US$1 billion in client assets across a portfolio of more than 400 blockchain projects spanning institutional services, infrastructure, data, AI, consumer services, and technology. Its core products are organized around three pillars: Venture Investments (early-stage equity and token allocations across the crypto stack), Liquid Funds (regulated active, passive, and index products including the SFC-approved HashKey 20 Index Fund tracking the FTSE Custom Digital Asset Top 20 Index), and Exchange-Traded Funds (the Bosera HashKey Bitcoin 3008.HK and Ether 3009.HK spot ETFs on HKEX, co-launched with Bosera Asset Management International as the world's first physical in-kind subscription spot crypto ETFs).
The firm's go-to-market is institutional and sales-led, targeting global institutional investors, family offices, and high net worth individuals through direct sales, and extending to professional and retail investors in Hong Kong via its discretionary account management service (Type 9 license, approved February 2025) and the HashKey 20 Index Fund (structured to align with Hong Kong's New Capital Investment Entrant Scheme). Revenue is generated through fund management fees on venture, liquid, index, and ETF vehicles, performance fees on funds such as Fund I (which has achieved a distributed-to-paid-in ratio above 10x), and discretionary account management fees billed monthly for bespoke mandates including spot, OTC, and derivatives. Distribution channels combine direct institutional sales, HKEX-listed ETFs, SFC-licensed discretionary accounts, and partnerships with FTSE Russell (index construction), ARK Invest (thought leadership), and Bosera International (ETF product).
HashKey Capital's Fund IV (HashKey Fintech Multi-Strategy Fund IV) closed its first US$250 million in December 2025 with a US$500 million AUM target, deploying a multi-strategy approach that combines public-market exposure with crossover and selective private-market investments focused on infrastructure, real-world adoption, and emerging sectors including AI agents, stablecoins, and RWA tokenization. The firm operates from Singapore (headquarters) with regional headquarters in Hong Kong and an office in Japan, and has expanded into Vietnam through a strategic investment in CAEX in April 2026 alongside OKX Ventures.
HashKey Capital firmographics
Firmographics- Name
- HashKey Capital
- Legal name
- HashKey Capital Singapore Pte. Ltd.
- Website
- https://hashkey.capital
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- HashKey Capital is a Singapore-headquartered, SFC-regulated digital asset and blockchain investment firm managing over US$1 billion through venture funds, liquid funds, and ETFs, serving institutional investors, family offices, and high net worth individuals across Asia Pacific.
- Ownership category
- akta.pro rank
HashKey Capital industry classification
Industry- Product category
- Digital Asset Investment Management
- NAICS
- Open-End Investment Funds (525910), All Other Financial Investment Activities (52399), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA), Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)
Keywords
Where HashKey Capital is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
HashKey Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management: HashKey Capital manages cryptocurrency investment funds, including venture funds, liquid funds, index funds, and ETFs. They charge management fees and potentially performance fees on funds under management.
- Discretionary Account Management: Provides discretionary account management services for virtual assets to professional investors, managing curated investment products including spot crypto investments and derivatives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Discretionary Account Management for Professional Investors |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
HashKey Capital product offering
Product offeringCore offering
HashKey Capital is a digital asset and blockchain investment management firm that manages venture investments across 400+ blockchain projects, regulated liquid funds (active and passive), the SFC-approved HashKey 20 Index Fund tracking the FTSE Custom Digital Asset Top 20 Index, and Bosera HashKey spot Bitcoin and Ether ETFs listed on HKEX. The firm also offers SFC-licensed virtual assets discretionary account management to professional investors under its Type 9 license in Hong Kong. As of December 2025, it closed the first $250 million tranche of HashKey Fintech Multi-Strategy Fund IV with a $500 million AUM target.
Product overview
HashKey Capital operates as a digital asset and blockchain investment management firm offering three interconnected product lines: Venture Investments (funding early-stage blockchain projects across infrastructure, data, and consumer sectors with 400+ portfolio companies), Liquid Funds (institutional-grade regulated investment products including active and passive funds), and Index Funds (the flagship HashKey 20 Index Fund tracking top 20 crypto assets, in collaboration with FTSE Russell). The firm is authorized by the SFC for Type 1, Type 4, and Type 9 services in Hong Kong, and manages the Bosera HashKey Spot ETFs on HKEX, bridging traditional finance with digital assets for institutional and professional investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Venture Investments HashKey Capital's venture investment arm that builds and funds products and protocols across the most disruptive businesses in crypto, overseeing a diversified portfolio of over 400 pioneering projects across institutional services, infrastructure, data, AI, consumer services, and technology sectors.
- Liquid Funds HashKey Capital's division managing highly regulated and compliant, professionally managed portfolios with exceptional liquidity, offering institutional-grade digital asset investment products.
- HashKey 20 Index Fund The first multi-token crypto index fund approved by the SFC, tracking the FTSE Custom Digital Asset Top 20 Index, built on Bitcoin and Ethereum with exposure to Solana, Dogecoin, Cardano, Avalanche, ChainLink, Polkadot, Stellar, Filecoin, and Ripple. Open to institutional and accredited investors, designed to align with Hong Kong's New Capital Investment Entrant Scheme (CIES) residency requirements.
- Spot Crypto ETFs (Bosera HashKey Bitcoin and Ether ETFs) Exchange-traded funds providing investors with exposure to crypto assets, including Bosera HashKey Bitcoin (3008.HK) and Ether (3009.HK) spot ETFs listed on HKEX, with the world's first physical in-kind subscription mechanism.
- Active Fund A professionally managed portfolio that strategically selects and trades diverse crypto assets to maximize returns for investors.
- Passive Fund Passive funds that track curated crypto indexes developed in collaboration with FTSE Russell, including infrastructure and application indexes.
- Virtual Assets Discretionary Account Management SFC-approved discretionary account management services for virtual assets, enabling professional investors to access tailored investment mandates including spot investments, OTC trading, and derivatives across a pre-approved list of exchanges.
- HashKey Fintech Multi-Strategy Fund IV A multi-strategy fund combining public-market strategy with liquidity generating crossover opportunities to capture structural inefficiencies in the digital assets industry, complemented by selective private-market investments. Target AUM of $500 million with first close at $250 million.
- Digital Asset Wealth Management One-stop wealth management solutions for digital assets, including trade and store crypto via OTC and exchange service providers with insured custody, PoS staking, NFT services, and Web3 infrastructure.
Quantifiable outcome
- Fund I DPI over 10x
- +1 more outcomes
Companies that use HashKey Capital
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
HashKey Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
HashKey Capital partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- OKX VenturesminorHashKey Capital and OKX Ventures jointly invested in CAEX, Vietnam's crypto exchange, collaborating on technical infrastructure, security, compliance, risk management, and liquidity connectivity.
- Bosera Asset Management (International)coreBosera International and HashKey Capital co-launched the world's first physical in-kind subscription mechanism Bosera HashKey Bitcoin and Ether spot ETFs on HKEX.
- VPBank SecuritiesminorVPBank Securities serves as founding shareholder of CAEX alongside HashKey Capital, providing domestic financial expertise.
- LynkiDminorLynkiD serves as founding shareholder and technology partner of CAEX alongside HashKey Capital.
- AethirminorCo-hosted Decode: Legacy immersive theater experience at Token2049 Singapore with Aethir and CARV.
- CARVminorCo-hosted Decode: Legacy immersive theater experience at Token2049 Singapore with HashKey Capital and Aethir.
- FTSE Russell (London Stock Exchange Group)coreHashKey Capital collaborated with FTSE Russell to launch multiple custom digital asset indexes including FTSE Custom Digital Asset Top 20 Index, FTSE Custom Digital Asset Infrastructure Index, and FTSE Custom Digital Asset Application Index.
- Layer East MediaminorHashKey Capital and Decrypt launched Layer East Media to unite Asia Pacific's leading crypto media outlets.
- ARK InvestcoreHashKey Capital and ARK Invest collaborate on events and thought leadership, including joint fireside chat at Hong Kong Web3 Festival between HashKey Capital CEO Deng Chao and Cathie Wood of ARK Invest.
Scale indicators9 records
Recent moves8 records
Expansion highlights7 records
HashKey Capital competitors and assessment
Company assessmentDirect peers
- Multicoin Capital: Multicoin Capital is a crypto-native investment firm managing venture and liquid token funds with a thesis-driven approach. It is comparable to HashKey Capital in fund structure, crypto venture focus, and institutional LP base.
- Galaxy Digital: Galaxy Digital is a crypto-native financial services and asset management firm that, like HashKey Capital, manages institutional crypto funds, venture investments, and trading. Both firms target institutional LPs and family offices with multi-strategy digital asset exposure.
- Polychain Capital: Polychain Capital is an early crypto-native fund manager that pioneered liquid token and venture strategies. Its fund mandate and institutional LP focus are highly comparable to HashKey Capital's liquid and venture product lines.
- Pantera Capital: Pantera Capital is one of the longest-standing crypto-native fund managers, running venture, liquid token, and blockchain funds. Like HashKey Capital, it invests across the crypto stack (e.g., aPriori) and targets institutional capital, and the two frequently co-invest.
- Paradigm: Paradigm is a crypto-native research-driven investment firm focused on crypto and Web3 companies and protocols. It frequently co-invests alongside HashKey Capital (e.g., Morpho) and competes for the same institutional mandates and high-quality deals.
- a16z crypto: a16z crypto is the dedicated crypto fund of Andreessen Horowitz, managing multi-billion-dollar crypto venture funds (e.g., $2.2B Fund 5). It is a direct competitor to HashKey Capital for institutional crypto venture capital and frequently co-invests in rounds like Morpho.
- Haun Ventures: Haun Ventures is a crypto-native venture firm that raised a $1.5B fund focused on Web3 and crypto protocols. It is comparable to HashKey Capital in fund size, crypto-native focus, and institutional LP base, and is often cited alongside HashKey as a top-tier crypto VC.
Broad incumbents
- Coinbase Ventures: Coinbase Ventures is the venture and investment arm of Coinbase, deploying capital across the crypto ecosystem. Like HashKey Capital, it is a crypto-native institutional investor in infrastructure and protocols, but operates as part of a much larger exchange-led platform.
- Digital Currency Group: Digital Currency Group is a crypto conglomerate operating Grayscale, Foundry, and direct venture investments. While broader in scope than HashKey Capital, both are large, multi-strategy crypto asset managers with venture and liquid fund products.
Emerging players
- Animoca Brands: Animoca Brands is a Hong Kong-based digital asset and gaming investor with a large portfolio across Web3. Like HashKey Capital, it is APAC-based, makes venture-style crypto investments (e.g., co-investing in Capybobo), and targets the Asian crypto opportunity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
HashKey Capital social profiles
Digital presenceHashKey Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
HashKey Capital leadership team
Management profileNumber of profiles
Profiles1 record
HashKey Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HashKey Capital M&A and investment
M&A and investmentM&A
Investments59 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HashKey Capital
What does HashKey Capital do?
HashKey Capital is a digital asset and blockchain investment management firm that manages venture investments across 400+ blockchain projects, regulated liquid funds (active and passive), the SFC-approved HashKey 20 Index Fund tracking the FTSE Custom Digital Asset Top 20 Index, and Bosera HashKey spot Bitcoin and Ether ETFs listed on HKEX. The firm also offers SFC-licensed virtual assets discretionary account management to professional investors under its Type 9 license in Hong Kong. As of December 2025, it closed the first $250 million tranche of HashKey Fintech Multi-Strategy Fund IV with a $500 million AUM target.
Is HashKey Capital a public or private company?
HashKey Capital is a private company. It is classified as corporate owned and is currently operating.
When was HashKey Capital founded?
HashKey Capital was founded in 2018. It employs 51 to 100 people.
Where is HashKey Capital based?
HashKey Capital is headquartered in Singapore, Singapore, in the Asia region.
How does HashKey Capital make money?
Two revenue lines are on record. Fund Management is the primary driver. The others are discretionary Account Management.
Who are HashKey Capital's main competitors?
Direct peers on record are Multicoin Capital, Galaxy Digital, Polychain Capital, Pantera Capital, Paradigm, a16z crypto and Haun Ventures. Broad incumbents are Coinbase Ventures and Digital Currency Group. Animoca Brands is listed as an emerging player.
Does HashKey Capital have an API?
No public API is recorded for HashKey Capital.
What industry is HashKey Capital in?
HashKey Capital's product category is Digital Asset Investment Management. Its primary akta.pro industry code is FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity), with a secondary code of FSADAEAA, Tokenized Securities & Capital Markets (Equity, Debt, Funds). Its NAICS code is 525910 and its SIC code is 6282.