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Blockchain News

HashKey Group Raises $100M in Series A at $1.2B Valuation

The startup is said to have achieved unicorn status, indicating a pre-money valuation surpassing $1 billion, according to reports.

Written By Dishita Malvania
Published 2024-01-16·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
HashKey Group Raises $100M in Series A at $1.2B Valuation

HashKey Group, a leading end-to-end digital asset financial services group headquartered in Hong Kong, has achieved a significant milestone by completing a Series A funding round.

The company raised almost $100 million, reaching a pre-money valuation surpassing $1.2 billion. With this funding round, Hashkey has gained unicorn status.

In this funding round, existing shareholders exhibited robust engagement and unwavering dedication, and the participation of new investors was notable. Among the fresh contributors were prominent institutional investors, leading Web3 institutions, and strategic partners.

🔥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

The raised funds will be allocated to various business facets, such as asset management, a service for validating blockchain nodes, tokenization services, and a Web3 incubation arm, as stated by the exchange.

Also Read: HashKey Exchange Implements Travel Rule for Compliance

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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