Hong-Kong investment fund raises $500M to push mass adoption in Web3

Hong-Kong investment fund raises $500M to push mass adoption in Web3

Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space.

On Jan. 17, the Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for its FinTech Investment Fund III.

According to the company, Fund III will be used to invest in infrastructures, toolings and applications that will help push mass adoption of blockchain and crypto technologies.

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Speaking with Cointelegraph, Xiao Xiao, an investment director at HashKey Capital, said the synergies in the Web3 space are a key factor to what keeps investors coming back for more.

“Web3 is growing too fast to be ignored. Many traditional institutions and internet giants are interested in crypto. Some are learning how to

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