Hong Kong’s HashKey Group has raised about $100 million in a Series A funding round at a pre-valuation of more than $1.2 billion, the company said.
In a statement released today, HashKey said it plans to use the newly raised capital to develop its Web3 ecosystem, strengthen compliance and expand its product offering for licensing businesses in Hong Kong.
HashKey did not disclose which investors participated in this round.
Last year, HashKey Exchange became one of the first cryptocurrency exchanges. obtain a license Under Hong Kong’s new licensing regime that allows cryptocurrency trading platforms to offer retail services.
The exchange currently has over 155,000 registered users and has recorded an average daily trading volume of $630 million over the past 30 days, the company said in a statement today.
Hashiki also Talking with several asset managers Anyone looking to launch a potential spot cryptocurrency exchange traded fund. The company said it could participate in a potential spot cryptocurrency ETF in Hong Kong through two key aspects: engaging in cryptocurrency trading related to the ETF and providing cryptocurrency custody services.
According to the statement, HashKey Group’s core businesses include HashKey Capital, HashKey Cloud, HashKey Tokenization and HashKey NFTs.
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