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Hashkey Group’s Series A Funding Propels It to Unicorn Status

Author

Jay Solano

Tags

Tags Editor's Choice / Slider Posts

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Editor's Choice / Slider Posts

Category

News

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Editor's Choice, Slider Posts

Reading time

2 mins
Last update


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hashkey group

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Strategic Growth and Web3 Expansion

Hashkey Group, a prominent player in the crypto finance sector based in Hong Kong, has achieved a significant milestone by raising $100 million in a Series A funding round. The company’s new valuation stands at approximately $1.2 billion, catapulting it into the elite status of a unicorn company. This remarkable achievement was announced following Hashkey’s acquisition of a comprehensive Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).

Funding to Bolster Operations and Innovation

The capital raised in this funding round will be strategically utilized to enhance Hashkey’s licensed business operations in Hong Kong and to drive its global growth in a compliant and innovative manner. The investment will also significantly boost the company’s Web3 ecosystem, paving the way for product diversification and technological advancements.

Partnerships and Investment Ventures

Hashkey Group’s recent accomplishments include establishing partnerships with six publicly traded companies and ten brokerage houses. The group’s exchange platform, Hashkey Exchange, has garnered a user base of over 155,000 and a substantial trading volume. Furthermore, Hashkey has actively invested in various startups, including Fetcch and Range Protocol, indicating its commitment to nurturing the broader crypto and blockchain ecosystem.

Hashkey Group’s successful Series A funding round and subsequent rise to unicorn status testify to its growing influence in crypto finance. With its newly acquired CMS license and strategic investments, Hashkey is well-positioned to lead in the evolving landscape of digital assets, especially in the burgeoning Web3 space. The company’s progress underscores the increasing maturity and potential of the cryptocurrency and blockchain industry, particularly in Asia.