HashKey Hits $1.2 Billion Valuation After $100 Million Series A Raise

Summary:
• HashKey Group has become a unicorn after a successful Series A funding round that saw the company raise funds to expand its presence in Web3.

Hong Kong-based HashKey Group, a frontrunner in end-to-end digital asset finance services, has reached a pre-money valuation of over $1.2 billion after raising about $100 million in a Series A round.  This means that the company has officially become a Unicorn.

HashKey says it will use the recently raised funds towards strengthening its Web3 ecosystem, expanding the Group’s innovative and compliant development worldwide, and speeding up the product diversification of its licenced company in Hong Kong.

The company did not disclose the investors who participated in the meeting, only mentioning that the round attracted new investors, including institutional investors, Web3 institutions and strategic partners. HashKey’s “Hong Kong Narrative” has helped propel the company to the forefront of the virtual asset market.

Hong Kong is a financial hub in Asia, and its government has created an enabling environment and defined the regulatory path as the country embraces cryptocurrencies. The ultimate goal is to satisfy consumer demand for alternative assets and stimulate the growth of Web3 in the country.

HashKey’s arms include HashKey Capital, an international investment firm that specialises in digital assets and blockchain technology; HashKey Cloud, a front-runner in the blockchain node validation space; HashKey Tokenisation, a provider of tokenization services; and HashKey NFT, a Web3 PFP incubator and community operation provider.

With the launch of their first licenced virtual asset exchange app in Hong Kong in 2023, HashKey provided a safe and easy way to trade virtual assets all in one place. The company has also formed strategic alliances with more than 10 brokerage firms and six publicly traded companies.