HashKey Capital
Fund snapshot
- Lookout tier
- Tier 1
- Lookout score
- 87/100
- AUM
- $1B
- Vintage
- 2018
- Check size
- $500K – $10M
- Stage
- Seed, Series A, Strategic
- Role
- Leads rounds
Lookout's read
How Lookout reads this fund.
The most institutionally credible crypto fund in Asia — Hong Kong SFC licenses (Type 1/4/9), spot BTC/ETH ETFs on HKEX and an early-Ethereum track record give it a compliance halo no native crypto fund can replicate. A HashKey lead signals real diligence and a path to regulated Asian capital, which matters for infra and AI-crypto founders eyeing institutional adoption. The fresh $250M first close of Fund IV (targeting $500M) confirms it is deploying actively into a down market. Slower and more process-driven than degen funds, but that is precisely the point — this is the check you take for legitimacy, not speed.
Research Coverage
Lookout profiles this fund based on publicly available information. This does not constitute an endorsement or a commercial relationship.
Fund thesis
What they back.
Drive global blockchain adoption through regulated, institutional-grade investing — backing infrastructure, AI-crypto, data and institutional services with the discipline of a Hong Kong SFC-licensed asset manager and a full digital-asset product suite.
Portfolio
Notable bets · 4
4 with realized tokens or exits
Ora Protocol
Aethir
Sahara AI
Polygon
In their orbit
Deals Lookout covers.
Team
Who runs the capital.
Deng Chao (DC)
CEO, HashKey Capital
One of Asia's earliest crypto investors with a decade-plus in fintech asset management; also President of HashKey Singapore.
Xiaolin Zheng
Partner & Head of Venture
Leads HashKey Capital's early-stage venture investing across infrastructure, AI and data.
Jupiter Zheng
Partner, Liquid Strategies
Heads liquid-token and secondary strategies, bridging HashKey's venture and trading books.
Co-investors
Who they ride with.
Facts public-source · tier & read are Lookout judgment · profile updates continuously