Hashed launches a fund at $170 million for blockchain investments – Bits Media

The South Korean company Hashed plans to launch a new fund by the end of the month. $170 million, who will invest in companies from the blockchain industry.

Hashed was created in 2018 year by South Korean cryptocurrency investor Simon Seojun Kim (Simon Seojoon Kim). This is an “incubator” for cryptocurrency companies. Besides, In December 2018 year, the company launched its first fund for investing in blockchain in the amount of $120 million.

“The most successful investment is made when, when you see an asset, strong on fundamentals, but which does not attract much attention or is viewed negatively", - noted Kim.

The investor believes, that the cryptocurrency industry is still very young and has huge growth potential. But rapid growth, warned Kim, always associated with high volatility and risks.

However, investors are increasingly investing in blockchain and digital assets. According to
consulting firm KPMG, for the first half 2021 year, the volume of investment in the industry exceeded the figure for the entire 2020 year. The total amount of transactions amounted to $8.7 billion.