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Hashed Launches Hashed Venture Fund I After Raising $120M

Hashed Launches Hashed Venture Fund I After Raising $120M
  • In September 2020, the group launched Hashed Ventures, Inc., and according to the firm, its new entity has raised $120 million in three months.
  • The team formed a global presence in digital asset investments in the last three years.
  • The platform empowers the new generation of tech startups and innovators by investing its resources.
  • Recently, it also partnered with South Korea’s biggest bank, KB Kookmin Bank.

In September 2020, the group registered Hashed Ventures, Inc., and according to the firm, its new entity has raised $120 million in three months.

Hashed is based in Seoul and San Francisco. It has formed a global presence in digital asset investments in the last three years.

The platform is enabling the new generation of tech startups and innovators by investing its resources.

Hashed has established a global presence in digital asset investments, especially in South Korea. According to Simon Kim, the CEO of Hashed, the group will use the new entity fund to make investments.

The team will make investments in blockchain and other tech startups. Mostly, the projects that support the growth of the protocol economy.

Hashed also said in the protocol economic model, the community is critical. Members can engage in economic projects. Also, they can earn rewards based on their work.

The team also said that the consensus protocols would drive the economy. Thus the rewards will also be fair. This is how the CEO of Hashed coined the term protocol economy.

On top of that, Hashed has been investing in leading blockchain projects in the last three years. In 2019, it invested in Klaytn of Kakao’s and Link of Line public blockchain projects. Kakao and Link are Asia’s biggest IT companies.

Recently, it also partnered with South Korea’s biggest bank, KB Kookmin Bank. The companies said together they will establish a digital asset management platform, KODA. The platform will manage digital assets for corporate clients and individuals.

Read Also: Singapore Government Launches $8.9M Blockchain Project

Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.