Hashkey Capital, the investment arm of Hong Kong-based cryptocurrency giant Hashkey Group, is set to launch its first secondary crypto market fund this Friday. The fund is said to have already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families.
Hashkey Capital will invest less than 50% of the fund in Bitcoin and Ethereum, as well as a portion of "altcoins" to diversify its asset allocation. Part of the fund's holding will also be in cash.
Hashkey Capital, which manages more than $1 billion in assets, said earlier that it aims to raise $100 million for the fund within 12 months.
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