HashKey Group, a digital asset monetary providers group in Asia, accomplished a Sequence A financing spherical, elevating practically US $100 million, in accordance with press launch shared with Blockchain.Information by Hashkey. This funding brings the corporate’s pre-money valuation to over US $1.2 billion, elevating HashKey to “unicorn” standing within the enterprise capital business, which is used to explain startups valued over $1 billion.
In 2023, HashKey made vital strides within the Hong Kong digital asset business. It launched the primary licensed digital asset change App in Hong Kong, providing safe and seamless one-stop digital asset buying and selling providers. Inside 4 months of its launch, the HashKey Change registered over 155,000 customers and reported a day by day common buying and selling quantity of US$630 million over the previous 30 days. The Change has additionally established strategic partnerships with over ten brokerage companies and 6 public listed corporations.
HashKey Group’s newly raised capital might be used to additional develop its Web3 ecosystem, improve the product diversification of its licensed enterprise in Hong Kong, and help the Group’s international growth. HashKey’s core companies embody HashKey Capital, a world asset supervisor focusing solely on blockchain expertise and digital belongings; HashKey Cloud, a number one blockchain node validation service supplier; HashKey Tokenisation, a tokenisation providers supplier; and HashKey NFT, a Web3 PFP incubation and neighborhood operation service supplier.
Established in 2018, HashKey Group is headquartered in Hong Kong, with operations in Singapore and Tokyo. The Group supplies progressive funding alternatives and end-to-end options in digital belongings and the Web3 ecosystem to retail traders, giant establishments, household workplaces, funds, {and professional} and accredited traders.
The Sequence A financing spherical attracted new traders, together with institutional traders, Web3 establishments, and strategic companions. Nonetheless, the precise identities of those traders weren’t disclosed. A notable participant within the funding spherical is reported to be OKX Ventures, the funding arm of the OKX digital-asset change, although no official affirmation was offered.
This funding spherical marks a major achievement for HashKey Group, particularly contemplating the current challenges confronted by the crypto enterprise capital house, marked by a downturn in 2022 following market volatility and high-profile bankruptcies.
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