The digital asset financial services group HashKey Group's subsidiary HashKey Capital today announced a comprehensive strategic upgrade, officially constructing an all-weather boutique asset management platform. The platform expands the boundaries of asset allocation comprehensively, aiming to extend from pure token investment to equities, bonds, and derivatives, creating an ecosystem covering primary and secondary markets, fixed income, customized services, and real-world assets (RWA).

Rooted in Asia-Pacific and with a global vision, HashKey Capital clearly focuses on the needs of institutional and professional investors, primarily serving cornerstone clients such as family offices, strategic corporate investors, mutual funds, PE/VC, and hedge funds, and plans to gradually introduce insurance funds, pensions, and sovereign wealth funds in the medium to long term, providing precise asset allocation solutions through active management and deep customization.

Core Engine: Building a Full-Cycle Institutional Product Matrix

Leveraging a strong VC foundation from investing in over 400 projects, HashKey Capital is committed to building a full lifecycle product matrix covering primary and secondary markets, fixed income, active management, customized accounts, and structured products. The following three types of products are the key new product directions that HashKey Capital will focus on in the next phase.

• Fixed Income Products: Aimed at institutional investors with different risk appetites, a fixed income product system focused on stable returns and risk control will be launched, meeting clients' dual demands for stability in asset allocation and return certainty in volatile market environments.
• Primary and Secondary Market Linked Multi-Strategy Fund: Based on long-term research and project coverage abilities in both primary and secondary markets, a multi-strategy product system covering different market cycles will be created, enhancing the ability to capture structural opportunities in digital assets and improving portfolio allocation efficiency.
• Customized and Structured Products: Continuously expanding customized account management and structured product capabilities around the differentiated risk preferences, liquidity needs, and investment cycles of institutional clients, providing more targeted and flexible asset allocation solutions.

Institutional Foundation: Aligning with International Standards of Compliance and Risk Control

The focus of HashKey Capital's strategic upgrade is not only on expanding the product line but also on building a risk control, compliance, and operational system that matches the needs of institutional capital. The platform will continue to introduce professionals with backgrounds in top-tier global financial institutions, improving risk management, compliance operations, and asset service capabilities under international standards, further enhancing its service boundaries for traditional financial institutions and professional investors.

HashKey Capital CEO Deng Chao stated, "Institutional participation in digital assets is shifting from single opportunity speculation to comprehensive cross-cycle portfolio management. We will guide institutional capital safely into the new frontiers of Web3 with a mature product line, while feeding back the incremental innovations of digital assets to traditional financial perspectives."

Industry Empowerment: Open-Sourcing the 'Digital Asset Fund Management Guide'

While promoting strategic and product upgrades, HashKey Capital announced the publication of the 'Digital Asset Fund Management Guide.' This book systematically open-sources a full-cycle practical methodology for crypto venture capital funds regarding fundraising, investment, management, and exit.

Based on multi-jurisdiction licensed experience and frontline practical insights, the book deeply analyzes operational details at the institutional level, such as asset custody, regional regulations, token economic design, and crisis management. Additionally, the book conducts an in-depth analysis of core tracks that span cycles (such as Bitcoin ecology, RWA, AI × Crypto, DePIN, modular blockchain, and DAT digital asset treasury), providing traditional capital transformation, family office allocations, and Web3 entrepreneurs with industry standards and path guidance that have extremely high practical value.

About HashKey Capital

HashKey Capital is a leading boutique digital asset management institution in Asia, providing investors with asset management solutions covering all phases. In the primary market, as one of the earliest institutional investors to layout Ethereum, since its establishment in 2018, the fund has invested in over 400 innovative companies, focusing on digital assets, blockchain technology, and cutting-edge technology. In the secondary market, its passive funds provide standardized digital asset beta exposure through compliant investment tools; active funds employ multi-strategy layouts to seize market cycles and generate excess returns.

Asia's First

Digital Asset Management Company (measured by assets under management)¹

~8 billion HKD

Assets under management since inception²

>10 times

Return multiple of HashKey Blockchain Investment Fund³

Notes:

1. As of December 31, 2024, based on Frost & Sullivan’s data, please refer to the 'Industry Overview' section of HashKey's prospectus for details;
2. As of September 30, 2025;
3. The HashKey Blockchain Investment Fund has a duration of 5 years and exited in October 2023