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Korean Crypto ‘Jedi Master’ Plans to Raise $173M For New Blockchain Fund

Natalie Wu | 09-Th9-2021
thecryptosight-crypto-crimes-caused-2-28b-worth-of-financial-damage-since-2017-south-korea-government-claimed
Crypto Crimes Caused $2.28B Worth of Financial Damage Since 2017, South Korea Government Claimed

Simon Seojoon Kim – a high-profile blockchain evangelist in South Korea – is looking to secure $173 million for a second blockchain fund, after the first one achieved significant success. 

Specifically, the South Korean evangelist is reportedly starting a new adventure, following the success of obtaining $120 million from investors in December last year for the first fund. 

Kim – which was given the title “the Jedi Master of cryptocurrency” by Sean Park” – reportedly works as a senior partner at Hong Kong-based Boston Consulting Group, as well as the co-founder of the blockchain and crypto venture capital company Hashed, established 3 years ago. 

The company reportedly makes investments in crypto startups in an attempt to assist their development via staff expansion, partnerships, and marketing.

The firm managed to reel in top-tier entities in the financial sectors, nominally Naver – among the top three firms in South Korea in terms of market value – which made $12 million in the first Hashed blockchain fund.

The firm from Seoul will reportedly function as an access gateway connecting Asian markets with investors based in the West. It has completed investments in a variety of notable establishments as well as blockchain initiatives, nominally Klaytn – the public blockchain of local mobile heavyweight Kakao. 

The portfolio reportedly covers a wide range and also includes Dfinity – the creating force behind the Internet Computer – and Ethereum side-chain platform Skale, Korean blockchain network Icon, together with different decentralized finance initiatives, like MakerDAO, Synthetix, Kyber Network, decentralized exchange dYdX, and stablecoin platform Terra.

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