HashKey Capital has secured US $250 million in the first close of its fourth crypto fund, the HashKey Fintech Multi-Strategy Fund IV, surpassing early expectations and laying the groundwork for a targeted final size of US $500 million. The raise drew commitments from global institutional investors, family offices and high-net-worth individuals despite tightening liquidity in crypto markets. Fund IV will pursue a multi-strategy approach, backing blockchain infrastructure, scalable platforms and mass-adoption use cases across public and private markets. HashKey, founded in 2018, manages over US $1 billion in assets and has backed 400+ blockchain projects worldwide.