Hong Kong-based crypto exchange HashKey has raised nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion.
The exchange said on Jan. 16 that the funds would be put toward its business arms, which include asset management, a blockchain node validation service, a tokenization service and a Web3 incubation arm.
We are proud to announce the completion of a Series A financing round of nearly US $100 million at a pre-money valuation above US $1.2 billion.
— HashKey Group (@HashKeyGroup) January 16, 2024
HashKey did not disclose the investors for its round, but a Jan. 16 Bloomberg report citing people familiar with the matter named OKX Ventures, the investment arm of competing exchange OKX, as among the lead investors.
HashKey was among the first exchanges licensed in Hong Kong amid the region’s push to attract crypto businesses.