Crypto VC Hashed anchors new digital asset private credit fund targeting $300 million

What happened

Hashed is starting a new private credit fund for digital assets with a $300 million target. The fund will use covenant-based underwriting, which means loan terms with rules borrowers must follow, to address a financing bottleneck in the institutional digital asset sector.

Confirmed

Global impact / market context

This matters because digital asset companies often struggle to get loans from traditional banks, so a dedicated private credit fund could give them access to borrowed money for operations and growth. That may support more institutional activity in the sector.

Analyst inference

Private credit is a growing area where non-bank lenders provide loans directly to companies. If this fund reaches its $300 million target, it would add fresh capital to digital asset firms that face limited financing options from mainstream lenders.

Analyst inference

What to watch

1. The fund has a $300 million target, so watch whether Hashed reaches that amount and how quickly it raises the money from investors. Confirmed
2. Hashed proposes using covenant-based underwriting, which means loan agreements include rules and triggers that borrowers must meet to protect lenders. Proposed
3. Watch whether this fund actually helps digital asset companies borrow more easily and whether other investment firms launch similar private credit funds. Analyst inference

Evidence

• theblock.co