Hecto Group Invests in Hashed Fund: "Accelerating Global Web3 Business"

On April 20, Hecto Innovation and Hecto Financial, subsidiaries of Hecto Group, announced a strategic investment totaling 3 billion won in the “Hashed Venture Investment Association No. 3” fund established by Hashed Ventures.

This investment is not merely a financial one, but rather a strategic decision to combine Hashed’s robust global Web 3.0 ecosystem with Hecto Group’s financial and payment infrastructure. With this participation in the fund, Hecto Group plans to share Web 3.0 and blockchain networks with global leading companies and accelerate the discovery of new growth engines.

Hashed is a global blockchain-focused venture capital (VC) firm that goes beyond simple investment, supporting the advancement of business models and global expansion for its portfolio companies. Notably, previous funds formed by Hashed have attracted a large number of major domestic IT firms, leading conglomerates, and global investment companies as limited partners (LPs), demonstrating its credibility.

Hecto Group plans to use the Hashed network as a bridgehead to accelerate the global expansion of new businesses such as digital asset wallets and stablecoin-based payment and settlement services. This investment is expected to create powerful network synergies for Hecto Group’s global expansion.

A representative from Hashed stated, “Hecto Group has built solid trust over decades in the payment, financial, and security sectors. We expect that, through Hashed’s global Web 3 network and Hecto Group’s capabilities, on-chain finance will become an even more natural part of users’ daily lives.”

A Hecto Group representative said, “This investment has further expanded our opportunities for strategic cooperation with the global Web 3 ecosystem. Based on our group’s financial and payment infrastructure and our digital asset wallet technology, we will continue to develop competitive blockchain-based business models for the global market.”

This content was produced with the assistance of AI translation services.