A series A funding round led by undisclosed investors has seen HashKey Group, a financial services company specializing in digital assets with headquarters in Hong Kong, raise close to US $100 million.
The company claims that the amount was raised at a pre-money valuation of US $1.2 billion, indicating its unicorn status. The company said in a statement that it plans to diversify its product line for both its Hong Kong and international businesses.
HashKey Exchange, the group’s cryptocurrency trading subsidiary, became the first authorized exchange in Hong Kong to provide professional and retail services last year. In August 2023, it was granted Type 1 and Type 7 licenses by Hong Kong’s Securities and Futures Commission, which are granted to businesses that deal with securities and automated trading services, respectively.
According to the group, in the four months following its launch, HashKey Exchange registered 155,000 users, and in the most recent month, it saw an average daily trading volume of US $630 million. It has collaborated with six publicly traded companies and more than ten brokerage houses.
HashKey Group was established in 2018 and has operational offices in Tokyo and Singapore. It manages multiple companies in addition to its virtual asset exchange, such as the asset management company HashKey Capital.
