Licensed Hong Kong crypto exchange HashKey has completed its latest fundraising round and secured unicorn status – a valuation of over $1 billion.
HashKey completed a series A financing round, raising nearly $100 million from existing and new investors, including institutional investors, Web3 institutions and strategic partners, according to a statement. This resulted in a pre-money valuation of more than $1.2 billion.
The fresh funds will be used to «solidify HashKey's Web3 ecosystem, accelerate the product diversification of its licensed business in Hong Kong, and drive the Group's compliant and innovative development globally.»
Business Growth
In 2023, HashKey became Hong Kong’s first licensed crypto exchange. Following its launch, the platform attracted 155,000 registered users within four months. In the past 30 days, its daily average trading volume totalled $630 million. In addition to the trading platform, HashKey’s businesses include asset management, venture funding and tokenization services.
Hong Kong-based HashKey was established in 2018 and has operations in Singapore and Tokyo. Its businesses cover a wide range of clients including retail investors, large institutions, family offices, funds, and professional and accredited investors.
