Hashed raises $120m for blockchain startups and DeFi

The South Korean blockchain company Hashed has raised $120 million for a fund to support technology startups and DeFi projects. According to CoinDesk.

The allocations will be managed by Hashed Ventures.

The company said the fund was backed by major local information-technology firms, though their names were not disclosed.

“We believe we are headed toward a society where people will work across different networks (protocols) rather than in specific companies. Our mission is to find the best networks,” said Hashed CEO Simon Kim.

According to information on the company’s website, Hashed has already invested in the payments startup Chai, the Vega platform, the startup Set, and the DeFi project MakerDAO.

Earlier in August, Hashed announced a partnership with one of the largest banks in South Korea, KB Kookmin Bank, to create a service for storing and managing digital assets.

Follow ForkLog news on VK!