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HashKey Group Surges to Unicorn Status with $100 Million Series A Funding

HashKey Group, a prominent player in Hong Kong’s digital asset scene, has secured nearly US$100 million in its Series A funding round, propelling the company to a pre-money valuation exceeding US$1.2 billion. This achievement solidifies HashKey’s position in the burgeoning Web3 space.

The round attracted diverse investors including prominent institutional names, leading Web3 players, and strategic partners, showcasing strong confidence in HashKey’s mission and track record. The fresh capital will fuel the company’s multi-pronged growth strategy, focusing on bolstering its Web3 ecosystem, expanding its licensed business in Hong Kong, and driving compliant and innovative development across the globe. HaskKey Group said in a press statement.

In 2023, the company launched the first licensed virtual asset exchange App in the region, paving the way for secure and seamless trading for over 155,000 registered users within just four months. Daily average trading volume clocks in at a staggering US$630 million, and strategic partnerships with over ten brokerage firms and six public listed companies cemented HashKey’s position as a key player in the “Hong Kong Narrative” of digital asset adoption.

Beyond the exchange, HashKey boasts a robust Web3 ecosystem with diverse ventures. HashKey Capital, a global asset manager focused on blockchain, HashKey Cloud, a leading blockchain node validation service provider, and HashKey Tokenisation, a dedicated tokenization services provider, are but a few examples of the company’s multifaceted approach to the digital asset landscape.

“This funding underscores the potential we see in HashKey,” said a representative from one of the participating investors. “Their commitment to compliance, coupled with their innovative spirit and established ecosystem, positions them as a driving force in the future of Web3.”

Established in 2018, HashKey Group is a leading end-to-end digital asset financial services group headquartered in Hong Kong with operations in Singapore and Tokyo. Guided by the principle of “compliance first,” HashKey provides a comprehensive suite of solutions for retail and institutional investors across the Web3 space.

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