TechFlow reports, according to Tech in Asia, Kasikorn X (KX), the Web3-focused venture capital firm under Thailand's Kasikornbank, has announced a strategic partnership with Hong Kong-based asset management company HashKey Capital to support startups in the digital asset and blockchain industries.
The collaboration involves an investment by KX into HashKey Capital, aiming to drive the development of the Web3 ecosystem in Southeast Asia and Hong Kong by bringing global projects to the region, as well as promoting broader adoption of blockchain technology.
Both companies also highlighted their combined funding resources:
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KX has allocated $100 million for Web3, artificial intelligence, and deep tech projects focused on fintech;
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HashKey Capital has raised $500 million for its third fund.
Individually, KX has made over 14 global investment commitments. Meanwhile, HashKey Capital has backed projects such as Animoca Brands, Hex Trust, and Polkadot.
