English
RussianHashKey Capital is a blockchain and cryptocurrency-focused venture capital and investment firm based in Hong Kong. They specialize in funding and supporting early-stage blockchain and cryptocurrency projects, startups, and companies.
Investors HashKey Capital
HashKey Capital
Tier 2Lead investor
Projects
172
Portfolio market cap
$13.11B
sum across all projects
Raised in these rounds
$3.58B
173 of 191 rounds with disclosed amounts
Tier
Tier 2
Lead investor
About the fund
Portfolio · 172
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 AvalancheAVAX | $11.00 | $0.4150 | 27x | — | — | $4.88B | |
 PolkadotDOT | $1.18 | $0.9127 | 1.3x | — | — | $2.02B | |
 MorphoMORPHO | $2.77 | — | — | — | — | $1.94B | |
 StacksSTX | $0.3752 | $0.3000 | 1.3x | Reg A+ Token Sale 1 | $680.8M | ||
 PendlePENDLE | $2.48 | $0.1394 | 18x | Private Round | $430.6M | ||
 KiteKITE | $0.1548 | — | — | — | — | $397.5M | |
 The GraphGRT | $0.0283 | $0.00220588 | 13x | — | — | $309.4M | |
 Mina ProtocolMINA | $0.1612 | $0.2000 | 0.81x | — | — | $207.5M | |
 SentientSENT | $0.0244 | $0.0111 | 2.2x | Binance Wallet Sale | $176.4M | ||
 AethirATH | $0.007677 | — | — | — | — | $154.5M | |
 dYdXDYDX | $0.1482 | — | — | — | — | $125.4M | |
 PlumePLUME | $0.0187 | — | — | — | — | $123.5M | |
 peaqPEAQ | $0.0448 | $0.0793 | 0.56x | Public Sale on CoinList | $114.7M | ||
 KusamaKSM | $5.22 | — | — | — | — | $98.8M | |
 GalxeGAL | $0.5825 | $1.50 | 0.39x | Public Sale | $74.4M | ||
 BabylonBABY | $0.0138 | — | — | — | — | $67.4M | |
 Enjin CoinENJ | $0.0334 | $0.0300 | 1.1x | Pre-Sale | $67.1M | ||
 AstarASTR | $0.007606 | $0.5140 | 0.01x | Crowdloan | $66.8M | ||
 GoPlusGPS | $0.0107 | — | — | — | — | $61.6M | |
 Huma FinanceHUMA | $0.0351 | — | — | — | — | $60.8M | |
 AltLayerALT | $0.007945 | $0.0130 | 0.61x | — | — | $58.5M | |
 AztecAZTEC | $0.0174 | $0.0470 | 0.37x | Public Sale | $50.1M | ||
 Mask NetworkMASK | $0.4941 | $0.1367 | 3.6x | — | — | $49.4M | |
 Casper NetworkCSPR | $0.002578 | $0.0100 | 0.26x | Validator Sale Round 1 | $44.6M | ||
 NillionNIL | $0.0865 | $0.4000 | 0.22x | Community Round | $43.9M | ||
 DappOSDOS | $0.2155 | — | — | — | — | $43.1M | |
 Magma FinanceMAGMA | $0.2112 | — | — | — | — | $40.1M | |
 OpenLedgerOPEN | $0.1189 | — | — | — | — | $39.0M | |
 CapricornAPR | $0.1371 | $0.005 | 27x | Binance Wallet Sale | $38.1M | ||
 ClearpoolCPOOL | $0.0374 | $0.0233 | 1.6x | — | — | $36.9M | |
 HarmonyONE | $0.00234 | $0.0065 | 0.36x | Seed | $35.2M | ||
 IoTeXIOTX | $0.003652 | $0.0083 | 0.44x | — | — | $34.5M | |
 Gravity (prev. GAL)G | $0.00471 | — | — | — | — | $34.1M | |
 BSquared NetworkB2 | $0.4997 | $0.0714 | 7.0x | — | — | $33.7M | |
 SKALESKL | $0.004751 | $0.0152 | 0.31x | — | — | $29.4M | |
 CysicCYS | $0.1635 | — | — | — | — | $26.3M | |
 CapyboboPYBOBO | $0.0006394 | — | — | — | — | $25.2M | |
 BerachainBERA | $0.2310 | — | — | — | — | $24.8M | |
 Mind NetworkFHE | $0.0223 | $0.0150 | 1.5x | — | — | $22.3M | |
 NymNYM | $0.0264 | $0.0875 | 0.30x | — | — | $22.3M | |
 Brevis NetworkBREV | $0.0886 | $0.0700 | 1.3x | — | — | $22.2M | |
 Doppler FinanceXDP | $0.0212 | — | — | — | — | $21.2M | |
 Perle LabsPRL | $0.1161 | — | — | — | — | $20.3M | |
 Trusta.AITA | $0.0502 | — | — | — | — | $19.5M | |
 Particle NetworkPARTI | $0.0282 | $0.0950 | 0.30x | — | — | $18.9M | |
 MYX FinanceMYX | $0.0729 | — | — | — | — | $17.2M | |
 SynFuturesF | $0.003458 | — | — | — | — | $16.9M | |
 SignSIGN | $0.0129 | — | — | — | — | $15.5M | |
 BraintrustBTRST | $0.0592 | $3.00 | 0.02x | — | — | $14.3M | |
 MoonbeamGLMR | $0.0114 | $0.0300 | 0.38x | — | — | $13.8M | |
 Space and TimeSXT | $0.009469 | — | — | — | — | $13.3M | |
 AEONAEON | $0.0548 | — | — | — | — | $12.9M | |
 MEET48IDOL | $0.0109 | — | — | — | — | $11.4M | |
 Verona (prev. XION)VERONA | $0.1153 | — | — | — | — | $10.7M | |
 AvailAVAIL | $0.002623 | — | — | — | — | $10.6M | |
 StakeStoneSTO | $0.0411 | $0.0200 | 2.1x | — | — | $9.3M | |
 Heroes of MaviaMAVIA | $0.0342 | — | — | — | — | $8.6M | |
 Lava NetworkLAVA | $0.0126 | — | — | — | — | $7.7M | |
 SupraSUPRA | $0.000155 | — | — | — | — | $7.3M | |
 Dora FactoryDORA | $0.0134 | $4.00 | 0.00x | — | — | $7.2M |
Showing 60 of 172 — the rest fall below this market-cap range.
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 191
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 Dow Protocol | Seed Round | $10.5M | $105.0M | |
 Vangrid | Seed Round | $9.0M | $90.0M | |
| Morpho | Strategic Round | $175.0M | $1.75B | |
 SignalPlus Lead | Extended Series B | $50.0M | $500.0M | |
| SignalPlus | Strategic Round | $40.0M | $400.0M | |
| AEON | Pre-seed | $8.0M | $80.0M | |
 CAEX | Strategic Round | — | — | |
| Magma Finance | Strategic Round | $6.0M | $60.0M | |
 SpaceComputer | Seed Round | $10.0M | $100.0M | |
| Capybobo | Funding Round | $8.0M | $80.0M | |
 Raiku | Seed Round | $11.2M | $112.5M | |
 Helius Medical Technologies | PIPE | $500.0M | $5.00B | |
 Inversion Capital | Seed Round | $26.5M | $265.0M | |
| Capricorn | Strategic Round | $20.0M | $200.0M | |
 Almanak | Funding Round | $8.4M | $84.5M | |
 HackQuest | pre-Series A | $4.1M | $41.0M | |
| Doppler Finance | Seed Round | $3.0M | $30.0M | |
 Questflow | Seed Round | $6.5M | $65.0M | |
 Zypher Network | Funding Round | $7.0M | $70.0M | |
 HashPower Lead | Strategic Round | $4.0M | $40.0M | |
 Perpl | Funding Round | $9.2M | $92.5M | |
| MEET48 | Private Token Sale | — | $100.0M | |
 Spot Zero | Pre-seed | $4.5M | $45.0M | |
| MYX Finance | Strategic Round | $5.0M | $50.0M | |
 FastLane Labs | Strategic Round | $6.0M | $60.0M | |
| Kite | Funding Round | — | — | |
| SignalPlus | Series B | $11.0M | $110.0M | |
 Keplr | Seed Round | $5.0M | $50.0M | |
| Plume | Series A | $20.0M | $200.0M | |
 Lnfi Network | Pre-seed | — | — | |
| Brevis Network | Seed Round | $7.5M | $70.0M | |
| StakeStone | Funding Round | $22.0M | $220.0M | |
| Nillion | Funding Round | $25.0M | $250.0M | |
 Mento | Funding Round | $10.0M | $100.0M | |
 Predicate | Funding Round | $7.0M | $70.0M | |
 Yala | Seed Round | $8.0M | $80.0M | |
| Perle Labs | Pre-seed | $7.0M | $70.0M | |
| Huma Finance | Series A | $38.0M | $380.0M | |
 CASTILE | Funding Round | $8.0M | $80.0M | |
 Moonveil | pre-Series A | $3.6M | $36.0M | |
 Rome Protocol | Funding Round | $9.0M | $90.0M | |
 Compute Labs | Pre-seed | $3.0M | $30.0M | |
| OpenLedger | Seed Round | $8.0M | $80.0M | |
 Prodia | Seed Round | $15.0M | $150.0M | |
| Sentient | Seed Round | $85.0M | $850.0M | |
 ORA | Series A | $20.0M | $200.0M | |
| Particle Network | Series A | $15.0M | $150.0M | |
 ZKX | Seed Round | $4.5M | $45.0M | |
 Halo | Seed Round | $3.0M | $30.0M | |
| GoPlus | Funding Round | $10.0M | $100.0M | |
| Avail | Series A Round | $43.0M | $430.0M | |
 Stashh | Funding Round | $3.3M | $33.0M | |
| Babylon | Funding Round | $70.0M | $700.0M | |
| Cysic Lead | pre-Series A | $12.0M | $120.0M | |
 UXLINK Lead | Funding Round | $5.0M | $50.0M | |
 Bladerite | Seed Round | $12.0M | $120.0M | |
 Puffverse | Funding Round | $3.0M | $30.0M | |
 Othentic | Seed Round | $4.0M | $40.0M | |
 Aark Digital | Seed Round | $6.0M | $60.0M | |
| Berachain | Series B | $100.0M | $1.00B | |
 Lumoz | pre-Series A | $6.0M | $120.0M | |
 Mystiko Network | Private Round | $18.0M | $90.0M | |
 Polyhedra Network | Funding Round | $20.0M | $1.00B | |
 Cosmology | Seed Round | $5.0M | $50.0M | |
 Karma3 Labs | Seed Round | $4.5M | $45.0M | |
| HackQuest | Pre-seed | $1.1M | $11.0M | |
 Beoble | Seed Round | $6.1M | $61.2M | |
| AltLayer | Strategic Round | $14.4M | $144.0M | |
| Lava Network Lead | Seed Round | $15.0M | $150.0M | |
 Overworld | Seed Round | $10.0M | $100.0M | |
 FuzzLand | Seed Round | $3.0M | $30.0M | |
| BSquared Network | Seed Round | — | — | |
 Fetcch Lead | Pre-seed | $1.5M | $15.0M | |
 0xScope Lead | pre-Series A | $5.0M | $50.0M | |
 Carv | Strategic Round | — | $60.0M | |
 Rio Network | Seed Round | — | — | |
 TermMax | Seed Round | $4.2M | $42.5M | |
 Term Structure | Seed Round | $4.2M | $42.5M | |
| MYX Finance | Seed Round | $5.0M | $50.0M | |
 IZUMO | Seed Round | $12.7M | $127.0M | |
 Panoptic | Seed Round | $7.0M | $70.0M | |
| Beoble | Pre-seed | $1.5M | $15.0M | |
 Obol Labs | Strategic Round | $1.0M | $180.0M | |
| SynFutures | Series B Round | $22.0M | $220.0M | |
 Forge | Seed Round | $11.0M | $110.0M | |
 MyShell | Seed Round | $5.6M | $57.0M | |
 Skate Lead | Seed Round | $3.8M | $37.5M | |
 Age of Dino | Funding Round | $8.0M | $80.0M | |
 TRLab | Seed Round | $5.0M | $50.0M | |
| Aethir Lead | pre-Series A | $9.0M | $150.0M | |
 Side Protocol | Pre-seed | $1.5M | $15.0M | |
| DappOS | Seed Round | — | $50.0M | |
 DIN | Seed Round | $4.0M | $40.0M | |
| Mind Network | Seed Round | $2.5M | $25.0M | |
 DeGame | Funding Round | $6.5M | $65.0M | |
 Tanssi | Seed Round | $3.0M | $30.0M | |
 Tabi | Angel | $10.0M | $100.0M | |
 Catalyst | Seed Round | $4.2M | $42.0M | |
 Credora | Series A+ | $6.0M | $90.0M | |
| Polyhedra Network | pre-Series A | $15.0M | $150.0M | |
 Karate Combat | Funding Round | $18.0M | $60.0M | |
 Rise | Seed Round | $3.8M | $38.0M | |
 Aspecta | Seed Round | $3.5M | $35.0M | |
| Particle Network | Seed Round | $7.0M | $40.0M | |
 Sentio Token | Seed Round | $6.4M | $64.0M | |
| Cysic | Seed Round | $6.0M | $60.0M | |
| Trusta.AI | Seed Round | $3.0M | $30.0M | |
| Aztec | Series B | $100.0M | $1.00B | |
| Nillion | Funding Round | $20.0M | $200.0M | |
 Evmos | Seed Round | $27.0M | $270.0M | |
 bitsCrunch Lead | Strategic Round | $2.4M | $80.0M | |
 Theoriq | Seed Round | $4.0M | $40.0M | |
 Matr1x | Series A | $10.0M | $100.0M | |
 Nibiru | Seed Round | $8.5M | $100.0M | |
| Space and Time | Strategic Round | $20.0M | $200.0M | |
| SignalPlus Lead | Series A | — | — | |
| Supra | Series B | $4.1M | $41.0M | |
 Xterio | Funding Round | $40.0M | $400.0M | |
| Mask Network | Funding Round | $42.0M | $420.0M | |
| Space and Time | Seed Round | $10.0M | $100.0M | |
| ZKX | Seed Round | $4.5M | $45.0M | |
| peaq | Funding Round | $6.0M | $60.0M | |
 Canza Finance | Seed Round | $3.3M | $32.7M | |
 Hex Trust | Series B | $88.0M | $880.0M | |
 LiveArtX | Funding Round | $4.5M | $45.0M | |
| Sign | Seed Round | $12.0M | $120.0M | |
 Endless Board Game | Private Round on SynapseNetwork | $150.0K | $100.0M | |
| Heroes of Mavia | Strategic Round | $2.5M | $25.0M | |
| The Graph | Funding Round | $205.0M | $2.05B | |
 Secret | Venture Round | $400.0M | $4.00B | |
| Verona (prev. XION) | Series A | $8.0M | $80.0M | |
| Heroes of Mavia | Seed Round | $5.5M | $55.0M | |
 Multichain | Venture Round | $60.0M | $600.0M | |
| DeGame | Seed Round | $3.7M | $37.0M | |
| Gravity (prev. GAL) | Backers | $10.0M | $100.0M | |
| Galxe | Growth Backer Round 1 | $10.0M | $100.0M | |
 iZuMi Finance | Private Round | $3.5M | $23.4M | |
 Dmail | Seed Round | — | $10.0M | |
 DeltaFi | Private Round | — | — | |
 Era7 | Private Round 1 | — | — | |
| iZuMi Finance | Seed Round | $2.1M | $21.0M | |
 UncleMine | Private Sale | — | — | |
| Nym | Funding Round | $13.0M | $130.0M | |
 Colony | Private Sale | $17.5M | $30.0M | |
 TabTrader | Private Round | — | — | |
 Synchrony | Seed Round | $600.0K | $20.0M | |
| Era7 | Seed Round | — | — | |
 Mytheria | Private Round | $2.0M | $20.0M | |
 Nano Labs | Funding Round | — | — | |
 Evrynet | Funding Round | $7.0M | $70.0M | |
 Zenlink Network Token | Series A | — | — | |
 Cykura | Seed Sale | $930.0K | $15.0M | |
| Sign | Funding Round | $650.0K | $6.5M | |
 Smart Layer Network | Seed Round | — | $50.0M | |
| dYdX | Series C | $65.0M | $650.0M | |
 Rangers Protocol | Private Equity Round | $2.5M | $63.0M | |
| Avalanche | Venture Round | $230.0M | $2.30B | |
| Rangers Protocol | Seed Round | $1.2M | $19.9M | |
| Verona (prev. XION) | Seed Round | $3.0M | $30.0M | |
 InfStones | Series A | $10.0M | $100.0M | |
| Pendle | Private Round | $3.7M | $36.0M | |
| Tabi Lead | Seed Round | $1.0M | $10.0M | |
 Charged Particles | Seed Round | $1.0M | $20.0M | |
 Smoothy | Private Round | $2.4M | $30.0M | |
| Hex Trust | Series A | $6.0M | $60.0M | |
 DAOSquare | Seed Round | $12.0M | $120.0M | |
| Moonbeam | Strategic Round | $6.0M | $50.0M | |
| Astar | Venture Round 1 | $2.4M | $24.0M | |
| Dora Factory Lead | Private Round 1 | $4.0M | $40.0M | |
 InsurAce Lead | Strategic Round | $3.0M | $32.4M | |
 Swarm | Private Sale | $4.0M | $16.2M | |
| Mina Protocol | Strategic Round (unlocked) | $6.6M | $250.0M | |
| Mina Protocol | Strategic Round (locked) | $4.3M | $150.0M | |
 Opium | Venture Round | $3.2M | $32.5M | |
| Zenlink Network Token Lead | Angel Round | $1.1M | $10.0M | |
| Moonbeam | Seed | $1.4M | $10.0M | |
| Swarm | Early backers | $2.0M | $12.9M | |
| Casper Network | Validator Sale Round 1 | $14.0M | $100.0M | |
 Staker DAO | Series A Round | $3.0M | $30.0M | |
 Acala | Seed | $1.4M | $14.0M | |
 Karura | Seed Round | $1.4M | $14.0M | |
 Lightnet | Series A | $31.2M | $312.0M | |
| Mask Network Lead | Private Round A | $570.0K | $20.0M | |
| SKALE | Venture Round | $5.7M | $106.4M | |
| Stacks Lead | Reg A+ Token Sale 1 | $10.9M | $109.0M | |
| Casper Network | Series A | $14.5M | $145.0M | |
| Harmony | Seed | $18.3M | $81.9M | |
| Mask Network Lead | Seed Round | $812.5K | $13.0M | |
| Mask Network Lead | Angel Round | $640.0K | $8.0M | |
| IoTeX | Private Sale | $19.9M | $83.0M | |
| Kusama | Private Sale 1 | $80.0M | $800.0M |
Focus areas
Blockchain12
DeFi6
Blockchain Service5
Infrastructure4
Ethereum Ecosystem3
Coinlist Launchpad3
Derivatives2
Co-investors
IOSG Ventures12 shared
YZi Labs (prev Binance Labs)12 shared
Fenbushi Capital10 shared
Polychain Capital9 shared
NGC Ventures7 shared
Coinbase Ventures7 sharedFunds that most often back the same projects.