HashKey Group, the parent company of Hong Kong’s first licensed cryptocurrency exchange HashKey Exchange, announced today that it has successfully raised $100 million in Series A financing, with a pre-investment valuation of over $1.2 billion, officially becoming a “unicorn enterprise”.
This round of financing attracted existing shareholders and new investors, including large institutions and Web3-related companies, but the specific investors have not been disclosed. However, according to Bloomberg, OKX Ventures is one of the main investors.
HashKey Group stated that the $100 million funding will be used to establish the Web3 ecosystem and compliant products in Hong Kong. The statement reads: “HashKey Group’s business includes but is not limited to:”
– HashKey Exchange: Hong Kong’s first licensed retail virtual asset exchange
– HashKey Capital: an asset management company focusing on the digital asset and blockchain industry
– HashKey Cloud: a blockchain collateral service provider
– HashKey Custody: digital asset custody services
– HashKey Tokenization: tokenization service institution
– HashKey NFT: Web3 avatar incubation and community operation business
Multiple fund companies will launch virtual asset spot ETFs in Hong Kong
In addition to the continuous development of local exchanges in Hong Kong, the city has also shown a positive attitude towards cryptocurrency spot ETFs and related funds.
According to news from last week, Livio Weng, CEO of HashKey Group, stated that currently there are approximately ten fund companies preparing to launch virtual asset spot ETFs in Hong Kong, and seven to eight of them have already reached the actual implementation stage.
This trend is likely to make Hong Kong the first market in Asia to allow the listing of virtual asset spot ETFs. In terms of the operation of these virtual asset spot ETFs, HashKey Exchange will undertake two key businesses: managing virtual asset transactions related to the funds and providing custody services for virtual assets.
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