HashKey Group, a digital asset financial services group in Asia, announced the completion of a Series A financing round of nearly $100 million at a pre-money valuation above $1.2 billion.
In addition to the participation and commitment of existing shareholders, this financing round attracted new investors, “including prominent institutional investors, Web3 institutions, and strategic partners.”
The newly raised capital will be used “to solidify HashKey’s Web3 ecosystem, accelerate the product diversification of its licensed business in Hong Kong, and drive the Group’s compliant and innovative development globally.”
In 2023, HashKey supported “a regulatory era in the Hong Kong virtual asset industry. HashKey Exchange launched the first licensed virtual asset exchange App in Hong Kong, providing customers with secure and seamless one-stop virtual asset trading services.”
Within four months of launch, registered users “surpassed 155,000, with a daily average trading volume of US$630 million in the past 30 days.”
HashKey Exchange has also “established strategic partnerships with over ten brokerage firms and six public listed companies.”
HashKey has steadily established itself as a leader in the virtual asset industry under the “Hong Kong Narrative.”
The Group is actively investing “in the future with a well-established Web3 ecosystem. Its core businesses also include HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a blockchain node validation service provider; HashKey Tokenization, tokenization services provider; and HashKey NFT, Web3 PFP incubation and community operation service provider, among others.”
As clarified in the update, registered users refer “to users who have completed the basic information-filling process, including users who have completed the full registration and authentication and are able to trade on the platform, as well as users who have not completed the registration and authentication and are not able to trade.”
Established in 2018, HashKey Group is Asia’s digital asset financial services group that upholds the principle of “compliance first”. Headquartered in Hong Kong and with operations in Singapore and Tokyo.
The Group has a wide range of businesses that “provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem.”
Their core businesses include “a licensed virtual asset exchange regulated by the Hong Kong SFC, a global asset manager investing exclusively in blockchain technology and digital assets, a world-leading blockchain node validation service provider; tokenization services provider; and Web3 PFP incubation and community operation service provider, among others.”
