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Status
ACTIVE
Global HQ
Hong Kong, China
Countries of investment
  • Hong Kong
  • Singapore
  • United States
  • United Kingdom
  • Switzerland
  • South Korea
  • Japan
  • China
  • Cayman Islands
Investment stages
  • Seed
  • Series A
  • Series B
  • Series C
  • Growth
Industries
  • Crypto
  • Blockchain
  • DeFi
  • Web3
  • Layer 1 Protocols
  • Infrastructure
  • Exchange Operations
  • RWA
  • Stablecoins
About
HashKey Capital is a Hong Kong-based multi-strategy crypto investment firm. Their focus spans DeFi, Layer 1 protocols, infrastructure, exchange operations, RWA, and stablecoins across Hong Kong, Singapore, the United States, United Kingdom, Switzerland, South Korea, Japan, and China. The firm supports founders from Seed through Growth.
Min check size
$1M
Max check size
$20M
Fund size
NPS

Investment Thesis

HashKey Capital is a multi-strategy investment firm deploying capital across crypto, blockchain, DeFi, Web3, Layer 1 protocols, infrastructure, exchange operations, RWA, and stablecoins sectors with deep Asia coverage. They invest as one of the largest Asia-focused institutional crypto investment firms globally. The firm differentiates itself through its Hong Kong positioning with full crypto exchange license, $1B+ AUM, founder Deng Chao's deep Asia ecosystem expertise, dedicated Asia-Pacific institutional focus, and integrated exchange-VC platform model.
Lead investor
Co Invest
Number of exits
Preferred contact method

Manager's Experience

Deng Chao (CEO) leads HashKey Capital with deep Asia ecosystem expertise from his prior roles in Hong Kong financial services and institutional investing. The firm operates with a Hong Kong positioning and full crypto exchange license (HashKey Exchange), bringing integrated exchange-VC platform model with $1B+ AUM across multi-strategy crypto investment vehicles. The team includes 60+ professionals across Hong Kong, Singapore, Tokyo, and other Asia offices serving institutional and retail crypto markets.

Team

Deng Chao - CEO

Vivien Wong - Partner & Head of Liquid Fund

Jupiter Zheng - Partner

Aslan Tan - Partner

Wayne Huo - Partner

Xiaofeng Xiao - Founder & Chairman

Portfolio

Polkadot

EthSign

Polygon

Animoca Brands

Aptos

Babylon

Blast

Bware Labs

Conflux Network

dYdX

EigenLayer

Etherscan

Filecoin

Hashflow

Imperator.co

Jambo

LayerZero

Lava Network

Mysten Labs

Near Protocol

Optimism

Polkadot

Polygon

Polymath

Quantstamp

Snickerdoodle

Solana

Sui

The Graph

Fund number
Vintage Year
Net Internal Rate of Return
Investment Multiple
Capital Allocation
Management Fee
Carried Interest
AUM
Follow-on Investments
Graduation Rate
Write-Off Ratio
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