HashKey Capital has successfully completed the first close of its fourth fund, HashKey Fintech Multi-Strategy Fund IV, raising $250 million in just three months. This marks the largest single fundraising in the crypto venture capital sector since June 2024. The fund attracted investments from institutional investors, family offices, and high-net-worth individuals from both traditional finance and the crypto industry. The total fundraising target is $500 million, with plans to continue raising funds. The new fund will employ a multi-strategy approach, combining public market investments with selective private market engagements. This strategy aims to meet the high liquidity and exit demands of limited partners, offering early redemption windows for investors. HashKey Capital remains focused on infrastructure, scalability, and large-scale application scenarios, emphasizing sustainable business models and network effects. Despite a challenging market, HashKey continues to actively seek projects with long-term value, maintaining its position as a leading Asian crypto VC.