South Korean company Hashed plans to launch a new $ 170 million fund by the end of the month, which will invest in companies from the blockchain industry.
Hashed was founded in 2018 by South Korean cryptocurrency investor Simon Seojoon Kim. This is an “incubator” for cryptocurrency companies. Additionally, in December 2018, the firm launched its first $ 120 million blockchain investment fund.
“The most successful investment comes when you see an asset that is fundamentally strong, but doesn’t attract much attention or is negatively disposed towards it,” said Kim.
The investor believes that the cryptocurrency industry is still very young and has huge growth potential. But explosive growth, Kim warned, is always associated with great volatility and risk.
However, investors are increasingly investing in blockchain and digital assets. In the first half of 2021, investment in the industry surpassed all of 2020, according to consulting firm KPMG. The total amount of transactions was $ 8.7 billion.