How A South Korean Blockchain Fund Grew from $600K to $250 Million in 18 Months

Founded just 18 months ago, Korean blockchain investments fund Hashed has just reached the quarter billion dollar milestone. Amidst a thriving cryptocurrency market, Hashed has found its niche accelerating high-performance blockchain projects in Korea and abroad.

What is #Hashed?

Starting in early 2017, Hashed opened one of Korea’s first crypto assets funds with only $600k in capital and now manages nearly $250 million USD in assets.

Hashed is comprised of a small team – only a dozen members with backgrounds ranging from a serial entrepreneur to engineer and investment professional.

The Hashed team alongside CNBC Cryptotrader host Ran NeuNer

Hashed CEO, Simon Kim and CIO, Hwisang Kim are early blockchain evangelists and cryptocurrency community leaders – pushing the industry’s development in Korea as public and institutional adoption begin to unravel.

The Key to Cryptocurrency Investing

In a recent CNBC Cryptotrader interview with Ran NeuNer, Hashed CEO Simon Kim explained that the fund focuses mostly on investment opportunities that are:

“… high-performance blockchain protocols and also very employable projects and also the other type is the reverse ICO from big companies.”

Hashed has made their best returns on cryptocurrency investment through what they call their “Accelerator Program.” In the CNBC interview, Hashed CIO, Hwisang Kim describes their role in the program as:

“What we do is basically helping them to how to write whitepaper to get funds and how to build community, so like we do everything from A to Z so they can build their products and services on blockchain successfully.”

Primary Investments

Currently, the leading South Korean crypto assets fund has its largest holdings in blockchain projects such as EOS, ICON, and ONT.

  • EOS, a high-performance infrastructure for decentralized applications (DApps), offers unique functionality through commercial scalability, inter-chain communication, and tools for interface development.
  • ICON aims to develop a decentralized network of independent blockchains to improve the efficiency of the global cryptocurrency community through frictionless value exchange and faster money remittance services.
  • ONT, or Ontology, is a distributed multi-chain platform made to foster an ecosystem of cross-chain compatible protocols and applications – creating a seamless framework for data exchange, identity verification, and more across several public blockchains.

Listed on their website, a total of 52 blockchain projects make up the Hashed portfolio, including other renowned coins like OmiseGO, Ethereum, and Kyber Network.

Unlike most cryptocurrency traders today, Hashed focuses on the intrinsic value of product development and commits to guiding early projects into the spotlight for returns on investment – a method that has led them to great success within a short 18 months.

To watch the full documentary on NeuNer’s look inside the Korean crypto market, watch the full video below:

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Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before making any investment decisions. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Jonathan Kim Author

Jonathan Kim

Jonathan Kim is a University of Washington student of Finance and cryptocurrency investor with a deep interest in the emerging industry of blockchain applications and cryptocurrency trading. Involved with a recently launched ICO, Jonathan is familiar with the internal process of crowdsale funding and the workings of a blockchain startup. His past experiences involve publishing original daily content for blockchain startups and trading cryptocurrency using technical analysis principles.

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