Hong Kong digital asset group HashKey Group announced on Tuesday (16th) that it has completed a Series A financing round of nearly $100 million with a pre-money valuation of over $1.2 billion. The company did not disclose the investors participating in this round of financing.
In a statement, HashKey stated that the group plans to use the newly raised funds to “deepen HashKey’s comprehensive layout in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and promote compliance and innovative development of the group worldwide.”
HashKey stated that the current financing round has received positive subscriptions and support from existing shareholders, and new investors include large institutional investors, leading Web3 institutions, and strategic partners.
HashKey Exchange, a subsidiary of HashKey Group, was one of the first cryptocurrency exchanges to obtain a license under Hong Kong’s new licensing regime for regulated virtual asset exchanges last year, allowing it to provide trading services to retail users. The group stated in today’s statement that HashKey Exchange currently has over 155,000 registered users and an average daily trading volume of $630 million in the past 30 days.
According to The Block, HashKey is in talks with several asset management companies exploring the launch of potential cryptocurrency spot ETFs. The company stated that it may participate in Hong Kong’s potential cryptocurrency spot ETF through two main aspects: engaging in cryptocurrency trading related to ETFs and providing cryptocurrency custody services.
Related reports: “Hong Kong HashKey Exchange officially launches app, platform coin HSK may be listed in mid-next year” and “HashKey Capital launches liquidity cryptocurrency asset fund, diversifying into altcoins.”
