What Hashed does

Hashed is a blockchain-focused venture capital firm founded in Seoul, South Korea in 2017 by a team of serial entrepreneurs and engineers, including CEO and Managing Partner Simon Seojoon Kim and Co-Founder & Partner Ryan Sungho Kim. The firm backs founders building in AI, crypto, and frontier technology, with a portfolio spanning more than 100 companies across four distinct investment categories: Blockchain Platforms (Aptos, Cosmos, Ethereum, NEAR, Berachain), Financial Infrastructure (dYdX, Synthetix, KODA), Applications (Axie Infinity, The Sandbox, Yuga Labs), and Picks & Shovels (Dune, Covalent, CryptoQuant). Capital is deployed through dedicated vehicles including Hashed Venture Fund II, a $200 million fund dedicated to Web3 adoption, with portfolio support described as a "second team" model extending well beyond check-writing.

The firm's platform extends beyond capital deployment through six wholly-owned independent subsidiaries that provide specialized ecosystem capabilities: UNOPND (early Web3 startup incubation), Factomind (data-driven insights and market solutions for Web3 builders), ShardLab (fintech x crypto research and development, hosting the Protocol Camp builder program), KODA (institutional digital asset custody backed by Korea's largest bank, KB Bank), Hashed Open Research (policy and regulatory research), and Hashed Emergent (emerging markets investing). Hashed Global Management Limited (HGML), an ADGM-regulated entity established in April 2026, extends the platform into regulated investment advisory, asset management, and deal arrangement across the UAE/GCC region.

Revenue is generated through venture capital fund management (management fees and equity returns from portfolio companies), regulated financial services via HGML, and ecosystem services through subsidiaries. Pricing, fund economics, and revenue figures are not publicly disclosed. Hashed operates five global offices in Seoul (Gangnam-gu headquarters), Singapore, San Francisco (535 Mission Street), Bengaluru, and Abu Dhabi (23rd Floor, Sky Tower, Al Reem Island), and distributes deal flow through direct founder engagement, industry events (Korea Blockchain Week, Southeast Asia Blockchain Week, EastPoint:Seoul, Blockchain Leaders Summit Tokyo), and ecosystem partnerships including Hub71 and SK Networks. The firm was profiled in Forbes' 15 Leading Web3 VCs of 2025 alongside a16z Crypto, Coinbase Ventures, and Pantera Capital.

Name

Hashed

Legal name

Hashed, Inc.

Website

https://hashed.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Hashed is a Seoul-based blockchain venture capital firm founded in 2017 that backs AI, crypto, and frontier tech founders across more than 100 portfolio companies, operating five global offices and six ecosystem subsidiaries spanning incubation, custody, research, and regulated asset management.

Ownership category

akta.pro rank

Product category

Blockchain Venture Capital

NAICS

Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)

akta.pro secondary industries

Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints) (FSAPAIAF), RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)

Keywords

• Blockchain venture capital
• Web3 investment firm
• Frontier technology investing
• Crypto asset management
• Digital asset custody

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Venture Capital Fund Returns: Revenue generated through venture capital fund management, including Hashed Venture Fund II ($200M for Web3 adoption), with returns from equity stakes in portfolio companies. The firm invests across blockchain platforms, financial infrastructure, applications, and picks & shovels categories.
2. Regulated Financial Services: Revenue from regulated financial activities including investment advisory, asset management, and arranging investment deals through Hashed Global Management Limited (HGML), authorized under ADGM's Financial Services Permission.
3. Ecosystem & Research Services: Revenue from ecosystem services through subsidiaries including Hashed Open Research (policy research), Factomind (data-driven market solutions for Web3 builders), and UNOPND (early Web3 startup incubation).

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Hashed is a private venture capital firm that invests in and provides ecosystem support to founders building the next paradigm in AI, Crypto, and frontier technology, with a portfolio of over 100 companies across Blockchain Platforms, Financial Infrastructure, Applications, and Picks & Shovels categories. It manages dedicated funds (including the $200M Hashed Venture Fund II) and operates six independent subsidiaries covering Web3 incubation, data analytics, fintech R&D, institutional custody, policy research, and emerging markets investing.

Product overview

Hashed operates a platform-plus-subsidiaries architecture centered on its core venture capital investment business. The core platform is Hashed's venture capital and ecosystem-building service (founded 2017), which backs 100+ founders globally and offers portfolio support beyond capital. Layered on top are ecosystem initiatives — the annual Hashed Potato Club founder gathering and the EastPoint:Seoul institutional conference series — which convene portfolio companies, institutions, corporates, builders, and policymakers. Surrounding the core are six independent subsidiaries: Hashed Emergent (emerging markets investing), UNOPND (early Web3 incubator), Factomind (data-driven Web3 insights), ShardLab (fintech x crypto R&D), KODA (institutional digital asset custody backed by KB Bank), and Hashed Open Research (regulations and policy research). Together these form an integrated ecosystem spanning investment, acceleration, research, custody, and policy, focused on AI, Crypto, and frontier tech across offices in Seoul, Singapore, San Francisco, Bengaluru, and Abu Dhabi.

Differentiator

Problem solved

Functional benefit

Brands

• Hashed Emergent: Independent subsidiary investing in emerging markets
• UNOPND
• Factomind
• ShardLab
• KODA
• Hashed Open Research
• Hashed Global Management Limited (HGML)

Products and services

• Hashed Venture Capital
• Hashed Venture Fund II
• Hashed Global Management Limited (HGML) — Regulated Investment Services
• KODA Institutional Custody
• UNOPND Web3 Incubation
• Factomind Data Platform
• ShardLab Fintech x Crypto R&D
• Hashed Emergent Emerging Markets Investing
• Hashed Open Research
• EastPoint:Seoul Institutional Conference

Quantifiable outcome

• Backed over 100 visionary founders globally
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• NurihauscoreStrategic or Co-development Partner · 29 May 2026Nurihaus is a global K-beauty creator OS company and cross-border commerce platform that introduces Korean lifestyle brands to international audiences. Hashed co-invested in Concept B alongside Nurihaus, and Nurihaus previously raised $2.6M bridge funding from Hashed. Ryan Sungho Kim of Hashed is listed as the Hashed Partner for Nurihaus.
• Concept BcoreStrategic or Co-development Partner · 29 May 2026Concept B is a Korea-born global beauty brand accelerator founded in 2022 by former Farmacy Beauty executives. Hashed co-invested in Concept B alongside Nurihaus to scale Korean beauty brands into the US and Middle Eastern markets. Concept B's first in-house brand fvrts launched in November 2025.
• ShardLabflagshipStrategic or Co-development Partner · 27 May 2026ShardLab is an independent subsidiary of Hashed focused on fintech x crypto research and development. The two entities co-hosted Southeast Asia Blockchain Week 2026 (SEABW 2026) in Bangkok, bringing together Thai and Indonesian regulators alongside major blockchain firms including SCBX, Bitkub, Ascend Bit, Circle, Tether, and the Solana Foundation.
• Abu Dhabi Global Market (ADGM)flagshipStrategic or Co-development Partner · 30 April 2026Hashed Global Management Limited (HGML) obtained Financial Services Permission from the Financial Services Regulatory Authority of ADGM, authorizing regulated financial activities including investment advisory, asset management, and arranging investment deals. ADGM is Abu Dhabi's international financial centre and the largest in the MEASA region.
• BloomingbitcoreGTM or Marketing Partner · 6 April 2026Bloomingbit co-organizes EastPoint:Seoul 2026 with Hashed, scheduled for September 28 in Seoul, focusing on digital assets and AI economies, promoting policy discussions, industry collaboration, and strategic planning among global leaders.
• Hub71coreStrategic or Co-development Partner · 1 July 2025Hub71 is Abu Dhabi's tech accelerator backed by sovereign wealth fund Mubadala, located in the ADGM free zone. Hub71 attracted startups recording $2.17bn in funding in 2024 and provides regulatory access and corporate introductions through partnerships with ADGM, serving as a key ecosystem partner for Hashed's Abu Dhabi operations.
• SK NetworksflagshipStrategic or Co-development Partner · 4 February 2022SK Networks signed a business agreement with Hashed Ventures and invested 26 billion won to discover blockchain startups. This represents a strategic corporate partnership combining SK Networks' corporate resources with Hashed's blockchain expertise and network for startup discovery and investment.
• Icetea LabsminorStrategic or Co-development Partner · 1 January 2021Hashed and Icetea Labs joined forces towards a common goal in GameFi and Metaverse, combining Hashed's investment expertise with Icetea Labs' capabilities in the gaming and metaverse space.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Pantera Capital: One of the largest US-based crypto-native venture capital funds, profiled alongside Hashed in Forbes' 15 Leading Web3 VCs of 2025. Both firms invest across blockchain infrastructure, DeFi, and applications with multi-stage strategies.
• Coinbase Ventures: The venture investing arm of Coinbase, profiled alongside Hashed in Forbes' 15 Leading Web3 VCs of 2025. Both are multi-stage Web3 investors with strong ecosystem positioning and global deal flow.
• HashKey Capital: Asia-headquartered crypto venture capital and licensed digital asset manager, co-listed with Hashed in Forbes' 15 Leading Web3 VCs of 2025. Both target institutional-grade crypto exposure with regulatory-licensed entities in Asia.
• Multicoin Capital: Crypto-native thesis-driven venture fund investing in tokens and equity across Web3 infrastructure, DeFi, and applications. Comparable to Hashed in stage, fund size, and token/equity hybrid strategy.
• Spartan Group: Asia-based crypto-native investment and advisory firm focused on DeFi, Web3 infrastructure, and token investments. Direct competitor to Hashed for Asian Web3 deal flow and LP capital.
• Variant Fund: Crypto-native venture fund investing across Web3 categories with thesis-driven approach. Comparable to Hashed in fund size, stage focus, and ecosystem orientation.
• Blockchain Capital: One of the longest-tenured crypto VCs, investing across infrastructure, DeFi, and applications. Comparable to Hashed in multi-stage Web3 strategy with a similar founder-first positioning.

Broad incumbents

• a16z Crypto: The crypto-dedicated arm of Andreessen Horowitz, a much larger incumbent with multi-billion-dollar crypto funds. Hashed shares the Web3 thesis but at a smaller AUM scale, targeting similar founders across infrastructure and applications.
• Digital Currency Group: Parent of Grayscale and CoinDesk, with one of the largest crypto investment portfolios globally. A broader incumbent that, like Hashed, operates across venture, media, and trading in digital assets.
• Galaxy Digital: Public crypto merchant bank offering asset management, venture, trading, and advisory. Comparable to Hashed's regulated investment management ambitions via HGML, but at much larger scale and broader service scope.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hashed_official
• LinkedInlinkedin.com/company/hashedfund
• Facebookfacebook.com/hashedfund

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments305 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hashed