April 30, 2024

News and Political Commentary

Crypto Firm HashKey Raises $100 Million, Claims Unicorn Status

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HashKey Group, operator of one of Hong Kong’s two licensed crypto exchanges, said it raised nearly $100 million in a funding round and is now a so-called unicorn with a valuation exceeding $1 billion.

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(Bloomberg) — HashKey Group, operator of one of Hong Kong’s two licensed crypto exchanges, said it raised nearly $100 million in a funding round and is now a so-called unicorn with a valuation exceeding $1 billion.

The company said in a statement on Tuesday that existing and new investors contributed the funding but refrained from identifying them. The money will be used to build out a web3 ecosystem as well as licensed products in Hong Kong, the firm said. HashKey added its valuation lies north of $1.2 billion. 

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Bloomberg News

2024-01-15 21:16:51

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