CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$20,271.00
  • ethereum
    ETH$1,143.12
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Blockchain To The Masses: Hashed Successfully Raised $120 Million

    Blockchain To The Masses: Hashed Successfully Raised $120 Million

    Author: Jordan Lyanchev

    Last Updated Dec 23, 2020 @ 16:13

    With $120 million raised in three months, Hashed has launched a venture fund aiming to accelerate investments in the blockchain sector.

    Three months after registering Hashed Venture Fund I, the blockchain-focused investment group Hashed has already raised $120 million. The organization plans to utilize the funds to invest in the blockchain space and other fintech companies focused on protocol economy.

    Hashed Has Raised $120M In Three Months

    Based in Seoul, North Korea, Hashed’s mission is to enhance the mass adoption of blockchain technology and also to provide research and advisory services to companies in the field.

    In a press release shared with CryptoPotato, Hashed announced its latest milestone. The investment group registered its Hashed Ventures arm in September 2020 and has raised $120 million since then.

    The announcement, which describes Hashed as the “Vanguard of the blockchain industry in South Korea,” reads that the organization will use the funds to double-down on previous engagements such as investing in seminal blockchain projects.

    However, the investment group also plans to expand its portfolio to “technology startups that can promote protocol economy” through the Hashed Venture Fund I. The term “protocol economy” designates an open economy underpinned by independent and consensus-driven protocols that can reward participants directly via various cryptocurrencies.

    ADVERTISEMENT

    Hashed aims to capture the potential growth of the protocol economy markets by targeting problems faced by industry giants and invest in innovative solutions.

    “By ushering in the era of protocol economy, the Korean domestic startup scene will witness the resurgence of the blockchain industry as well as its maturation market attracting both government and institutional support for a new paradigm.” – commented Hashed CEO Simon Kim.

    Hashed’s Partnership With KM Kookmin Bank

    The blockchain-focused investment fund recently partnered with South Korea’s largest bank – KB Kookmin Bank, as reported. As a result, the founded in 2001 banking organization started offering cryptocurrency custodial services to its clients.

    The two entities noted at the time that digital assets have surged in popularity in the Asian country in the past few years. They highlighted the “digitalization of the financial field” as the next massive step for the industry and asserted that they wanted to be in front of the curve.

    South Korea has struggled with implementing clear taxation legislation on cryptocurrencies for a while. Most recently, the nation postponed the proposed income tax to January 2022, as digital asset exchanges complained they need more time to prepare the necessary documentation.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • bmw_cover
      BMW Korea Goes Blockchain: Reward Program Inbound
    • TomoChainVietnam
      TomoChain Partners With Vietnam's Ministry of Education and Training
    • south_korea
      South Korea To Postpone Previously Planned Crypto Income Tax
    Tags: Banks Blockchain South Korea
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$20,271.00
  • ethereum
    ETH$1,143.12
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!