Hashed is leading a digital asset private credit fund with a target size of 300000000 USD, with loans denominated in USD and settled via stablecoins.
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Hashed leads investment in new digital asset private credit fund, target size 300000000 USD BlockBeats news,September 23, crypto venture capital firm Hashed has led an investment in a new digital asset private credit fund, with a target size of 300000000 USD.
The fund was established by Abu Dhabi-based investor and Further Ventures co-founder Mohamed Hamdy, and is managed by Thoro Capital Management, where Hamdy also serves as managing partner. Thoro will provide loans directly to digital asset institutions, denominated in USD and settled via stablecoins, while Hashed will serve as the fund's primary backer.
Hashed stated that the credit fund aims to address a "critical financing bottleneck" in the institutional digital asset sector. Traditional banks are constrained by regulatory capital requirements, while existing crypto lending institutions typically require asset collateral. As a result, even profitable, audited market infrastructure companies must rely on costly short-term secured borrowing and are unable to obtain credit financing based on corporate fundamentals. The fund aims to address the critical financing bottleneck faced by the institutional digital asset sector by adopting a "covenant-based" underwriting approach.
Original link https://m.theblockbeats.info/flash/368539
Key points
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September 23, BlockBeats reported that Hashed has led an investment in a new digital asset private credit fund.
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The fund's target size is 300000000 USD。
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The fund was founded by Mohamed Hamdy, co-founder of Further Ventures.
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Thoro Capital Management is responsible for managing the fund, while Mohamed Hamdy also serves as the company's managing partner.
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Thoro will provide loans directly to digital asset institutions, denominated in USD and settled through stablecoins.
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Hashed will serve as the fund's primary investor.
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Hashed stated that the fund will adopt a “covenant-based” underwriting approach aimed at addressing financing bottlenecks in institutional-grade digital assets.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a private credit fund for digital asset institutions. It plans to issue loans directly denominated in USD and settle them using stablecoins; the target size is the planned fundraising amount and does not equal the amount already raised.
Why it matters to readers
The fund seeks to provide an alternative credit channel for digital asset institutions that struggle to obtain financing from traditional banks and do not wish to rely entirely on asset-backed lending.
Beginners should note the difference between the target size and the actual amount raised, and that stablecoin settlement does not mean the loans themselves are free from credit, compliance, or repayment risks.
Risks and unknowns
The original text does not provide the name of the fund.
The original text does not state the actual amount raised or committed.
The original source does not disclose the loan interest rate, term, covenants, lending institution, or default remedies.
The description of the financing bottleneck and the fund's role comes from Hashed's statements; the original source provides no independent verification.
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Related concepts
Private credit fund
This term is not in the glossary yet. Browse related concepts in the glossary.
