HashKey Group Raises $100 Million in Series A Funding, Surpasses $1.2 Billion Valuation
HashKey plans to utilize the newly acquired capital to reinforce its Web3 ecosystem, enhance product diversification for its licensed business in Hong Kong, and support global development initiatives.
HashKey Group, a prominent digital asset financial services group in Asia, has concluded a Series A financing round, securing close to $100 million in funding. This funding round has propelled HashKey's pre-money valuation to exceed $1.2 billion. Existing shareholders displayed active participation and strong commitment during this round, alongside contributions from new investors, including institutional investors, leading Web3 institutions, and strategic partners.
Web3, the decentralized version of the internet operating on blockchain technology, is a focal point for HashKey's strategic development. The funds raised will play a crucial role in strengthening HashKey's position in the evolving landscape of crypto assets and blockchain-based technologies.
HashKey, based in Hong Kong, gained recognition in August when it became the first licensed crypto trading exchange in the region to extend its services to retail users. This expansion marked a significant milestone for the exchange, broadening its user base from professional investors to include retail customers.
The Hong Kong government's positive stance on crypto and its efforts to meet the demand for alternative assets have contributed to HashKey's success. Additionally, the government's support for the development of Web3 in the Asian financial hub aligns with HashKey's strategic goals in the blockchain space. The latest funding round positions HashKey as a key player in the evolving crypto and blockchain landscape, with a solid foundation for further expansion and development.
HashKey Group, founded in 2018, operates with a "compliance first" principle and has diversified businesses, including HashKey Capital (a global asset manager focusing on blockchain technology and digital assets), HashKey Cloud (a blockchain node validation service provider), HashKey Tokenisation (offering tokenization services), and HashKey NFT (a Web3 PFP incubation and community operation service provider).
