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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.
BIG NEWS!
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.
The newly raised capital will be used to :
️Solidify HashKey’s #Web3 ecosystem
️Accelerate the product… pic.twitter.com/EgpWA04SRN— 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.
Related: Hong Kong to oblige stablecoin issuers to obtain license — Consultation paper
HashKey was among the first exchanges licensed in Hong Kong amid the region’s push to attract crypto businesses.
Asia Express: Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle
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