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09/23/2026

Hashed Anchors $300M Digital Asset Private Credit Fund

What happened: Korean crypto venture firm Hashed has become the anchor investor in a new $300 million digital asset private credit fund managed by Thoro Capital Management.

Hashed Anchors $300M Digital Asset Private Credit Fund

What happened: Korean crypto venture firm Hashed has become the anchor investor in a new $300 million digital asset private credit fund managed by Thoro Capital Management. The fund, led by Mohamed Hamdy (co-founder of Further Ventures, Abu Dhabi), will provide USD loans—settled via stablecoins—to digital asset institutions, using covenant-based underwriting to manage risk. This initiative targets a critical financing bottleneck for institutional players, with the tokenized private credit sector now exceeding $14 billion in cumulative on-chain origination, compared to a traditional private credit market of over $3 trillion.

Why it matters: The move signals increasing institutionalization of crypto credit markets and a shift toward more structured, risk-managed lending. As on-chain credit expands, the $300 million target is significant but still a fraction of the broader market, suggesting room for further growth. The use of stablecoins for settlement and covenant-based structures could set new standards for transparency and risk mitigation in digital asset lending.

Source: The Block