- HashKey Group successfully concluded a Series A financing round, raising nearly $100 million.
- Pre-money valuation of HashKey now exceeds $1.2 billion.
- Existing shareholders and new investors (institutional, Web3 institutions, and strategic partners) participated in the funding round.
HashKey Group, a prominent digital asset financial services group in Asia, has successfully concluded a Series A financing round that garnered nearly $100 million. This fundraising round brings the pre-money valuation of HashKey to over $1.2 billion.
The Series A financing round saw active participation from existing shareholders. Moreover, HashKey attracted new investors in the form of institutional investors, prominent Web3 institutions, and strategic partners.
The capital raised through this financing round will play a pivotal role in strengthening HashKey’s Web3 ecosystem. It will also accelerate the diversification of its licensed business activities in Hong Kong and support the group’s global development endeavors in compliance and innovation, according to the statement.
In 2023, HashKey made significant strides in the regulatory landscape of Hong Kong’s virtual asset industry. HashKey Exchange, a subsidiary of HashKey Group, introduced the first licensed virtual asset exchange app in Hong Kong. This app has proven to be a hit among customers, providing them with secure and convenient virtual asset trading services.
Within just four months of its launch, the app garnered over 155,000 registered users and achieved a daily average trading volume of $630 million over the past month. HashKey Exchange has also forged strategic partnerships with over ten brokerage firms and six publicly listed companies.
Alongside its virtual asset exchange, its core businesses include HashKey Capital, a global asset manager; HashKey Cloud, a provider of blockchain node validation services; HashKey Tokenisation, a provider of tokenization services; and HashKey NFT, which is engaged in Web3 PFP incubation.
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