HashKey Group: $100 Million Raised At $1.2 Billion Valuation

By Noah Long • Jan 16, 2024

HashKey Group – a leading end-to-end digital asset financial services group in Asia – recently announced the completion of a Series A financing round of nearly US $100 million at a pre-money valuation above US $1.2 billion.

Along with the active participation and strong commitment of existing shareholders, this financing round attracted new investors, including prominent institutional investors, leading Web3 institutions, and strategic partners. The newly raised funding will 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.

Last year, HashKey pioneered 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. And 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 also established strategic partnerships with over ten brokerage firms and six publicly 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, and its core businesses also include HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, tokenization services provider; and HashKey NFT, Web3 PFP incubation and community operation service provider, and others.