Hashed is a South Korean venture capital firm that specializes in investing in blockchain and cryptocurrency-related projects. The firm was founded in 2018 by Simon Kim, who had previously worked as an investment banker at Deutsche Bank in London.
Hashed has quickly become one of the leading blockchain investment firms in South Korea, having raised over $250 million in assets under management (AUM) since its inception. The firm's investment strategy focuses on early-stage blockchain projects and cryptocurrency startups, with a particular emphasis on those in the decentralized finance (DeFi) and non-fungible tokens (NFT) sectors.
One of Hashed's most notable investments was in the cryptocurrency exchange Binance, which has become one of the largest and most popular exchanges in the world. The firm has also invested in other notable blockchain projects, such as Terra, ICON, and Kakao's blockchain subsidiary Ground X.
In addition to its investments, Hashed has also played a key role in the development of the blockchain ecosystem in South Korea. The firm has hosted numerous events and conferences to promote blockchain technology and has partnered with several universities to offer blockchain-related courses.
Hashed has also launched its own accelerator program, called Hashed Labs, which provides funding, mentorship, and resources to early-stage blockchain startups. The program has already produced several successful projects, including the DeFi platform MIR Protocol and the NFT marketplace OpenSea.
Despite the success of Hashed, the firm has faced some challenges in the past. In 2019, the firm was embroiled in controversy over its investment in the cryptocurrency project ProBit, which was accused of engaging in unethical business practices. Hashed subsequently terminated its partnership with ProBit and issued a public apology for its involvement with the project.
Hashed has established itself as a major player in the blockchain investment space, with a track record of successful investments and a commitment to fostering the growth of the blockchain ecosystem in South Korea and beyond. As blockchain technology continues to gain mainstream adoption, Hashed is well-positioned to play a leading role in shaping the future of this rapidly-evolving industry.