HashKey Group raises $100M at $1.2B valuation
Hong Kong-based crypto firm HashKey Group has raised US$100 million in a Series A funding round that values it above US$1.2 billion.
Why it matters: Following the collapse of multiple exchanges over the past 18 months, investors are again betting big on the sector.
Context: Founded in 2018, HashKey operates a series of venture capital, digital asset management and blockchain-related technology businesses.
- The company runs one of just two licensed crypto exchanges in Hong Kong, which launched a dedicated virtual-asset regulatory framework last summer.
By the numbers: The company says it attracted more than 155,000 registered users in the four months since its launch and that it's had a daily average trading volume of US$630 million over the past 30 days.