Despite the continuous crypto winter season, which has affected lots of organizations in the higher Web3 area, financial investments continue pouring into the space.On Jan. 17

, Hong Kong-based worldwide property manager HashKey Capital revealed the closing of a $500 million financial investment round for its FinTech Investment Fund III.

According to the company, Fund III will be used to buy infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies.

Talking to Pandoraland, Xiao Xiao, investment director at HashKey Capital, stated the synergies in the Web3 space are a key consider keeping investors coming back for more:

“Web3 is growing too quick to be ignored. Lots of traditional institutions and web giants are interested in crypto. Some are finding out how to participate in this paradigm shift.”

Xiao said monetary organizations could see cryptocurrency as another possession class to diversify their portfolio. Similarly, he highlighted that buying a fund develops an easy introduction to engage with the Web3 area.

According to the investment director, the crypto winter season has actually likewise seen a “substantial modification” in the type of investor going into the area.

“As increasingly more institutional investors sign up with, financial investment choices depend on the longer-term worth and return, instead of short-term objectives. ״

Founded in 2018, HashKey Capital has managed over $1 billion in customer properties and has actually purchased some of the industry’s most significant gamers. This consists of tasks such as Animoca Brands, Polygon, Moonbeam and Blockdaemon, to name a few.

Related: Cathie Wood’s ARK goes into 2023 with $5.7 M Coinbase stock purchase

Xiao said as far as short-term financial investments are worried, those developing tasks with real-life use cases are on everyone’s radar.

In the past couple of years, the facilities layer has seen major innovations, consisting of interoperability, privacy and information availability, among others. However, there have not been lots of real adopted usage cases.

“The middle layer, which integrates facilities into genuine usage cases, can therefore be considered extremely important. And this sort of middle layer need to be productized and easy to use.”