Digital asset firm HashKey bags $100m Series A funding at unicorn valuation
Hong Kong-based digital asset financial services group HashKey has secured around $100 million in a Series A funding round at a valuation of over $1.2 billion.
The company says the latest round saw participation from both new and existing investors but has so far not revealed any names, with Bloomberg reporting that OKX Ventures was one of the round’s lead investors.
Founded in 2018 with its headquarters in Hong Kong and offices in Singapore and Tokyo, HashKey Group offers products and services geared towards digital assets and the Web3 ecosystem. Its core businesses include HashKey Exchange, a licenced digital asset exchange regulated by the Hong Kong SFC, and HashKey Capital, a global asset manager focusing on blockchain technology and digital assets.
HashKey’s virtual asset exchange app went live in Hong Kong last year, with the company claiming to have garnered more than 155,000 registered users within four months of launch.
With the fresh capital, HashKey says it plans to “solidify” its Web3 ecosystem, diversify the product offerings of its licenced business in Hong Kong, and drive its global expansion efforts.