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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

Last updated: February 12, 2024 6:15 AM
Published 2024-01-16
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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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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.

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