•HashKey Capital has closed a $500 million investment round for its FinTech Investment Fund III.
•The fund will be used to invest in infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies.
•Investing in a fund creates an easy intro to engage with the Web3 space.

Hong Kong-based global asset manager HashKey Capital has just closed a $500 million investment round for its FinTech Investment Fund III. This substantial investment is meant to be used to invest in infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies.

The news comes at a time where the crypto winter has affected many businesses in the Web3 space. Despite the bear market, investors are still pouring money into the space. Xiao Xiao, investment director at HashKey Capital, spoke to Cointelegraph about the reasons why investors are still interested in Web3: “Web3 is growing too fast to be ignored. Many traditional institutions and internet giants are interested in crypto. Some are learning how to participate in this paradigm shift.”

Xiao further highlighted that financial organizations could see cryptocurrency as another asset class to diversify their portfolio. He also pointed out that investing in a fund creates an easy intro to engage with the Web3 space. This is why HashKey Capital has decided to invest in startups and projects that are perpetuating mass adoption.

The $500 million investment is a sign of confidence in the Web3 space, and it will likely attract more investors who want to get involved. HashKey Capital is taking a big step in helping to push the mass adoption of blockchain and crypto technologies, and its FinTech Investment Fund III will undoubtedly have a positive impact on the future of the space.