$100 Million Funding to Drive Expansion and Web3 Initiatives
Hong Kong-based Hashkey Group has successfully raised $100 million in a Series A funding round from strategic partners, institutional backers, and Web3 entities. With this funding, the company’s valuation reaches approximately $1.2 billion, solidifying its status as a unicorn.
This funding injection will be used to strengthen Hashkey’s Web3 ecosystem, expand its licensed business in Hong Kong, and drive global development. Earlier, the company obtained a comprehensive Capital Markets Services license from the Monetary Authority of Singapore (MAS). Hashkey Exchange, its trading platform, has over 155,000 registered users and a trading volume of $630 million in the past month. The group has also entered into partnerships with six publicly traded companies and ten brokerage houses.
As per Crunchbase, Hashkey has made 85 investments, supporting startups such as Fetcch and Range Protocol. Recently, the company led a $5 million pre-Series A funding round for 0xscope, along with contributions from GSR Markets, Redpoint China, Amber Group, and Okx Ventures.
Hot Take: Hashkey Group Raises $100 Million in Funding to Drive Expansion and Strengthen Web3 Initiatives
Hong Kong-based Hashkey Group has successfully raised $100 million in a Series A funding round. This funding will be utilized to accelerate the growth of Hashkey’s licensed operations in Hong Kong and enhance its Web3 initiatives. With an estimated valuation of $1.2 billion, the company has achieved unicorn status. The recent funding follows the acquisition of a comprehensive Capital Markets Services license from the Monetary Authority of Singapore. Hashkey Exchange, the company’s trading platform, boasts a large user base and impressive trading volume. Moreover, Hashkey has made numerous investments in various startups, showcasing its commitment to innovation and growth in the crypto industry.
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