- Hong Kong crypto unicorn HashKey raised $100 million to accelerate regional growth.
- Its regulated exchange already hits $630 million daily trading volume since launch last year.
- HashKey expands as a licensed crypto financial services gateway in Asia.
HashKey group hits unicorn status
HashKey Group, a Hong Kong cryptocurrency financial services firm, has raised a $100 million Series A round at a $1.2 billion valuation to claim unicorn status.
The company did not disclose its investors in this week’s funding announcement.
HashKey will leverage the fresh capital injection to accelerate product development between its Hong Kong headquarters and global offices like Singapore and Tokyo.
Last August, HashKey’s crypto exchange arm, HashKey Exchange, became Hong Kong’s first licensed retail and professional virtual asset trading platform.
Rapid growth of HashKey exchange
Just months after its launch under strict regulatory approval, the exchange already registers 155,000 users, conducting average daily trading volumes of around $630 million.
HashKey Exchange has also onboarded over 10 financial brokerage partners and six public companies.
“This funding round ushers HashKey into a new era of growth potential both in Hong Kong and beyond,” said HashKey CEO Deng Chao.
Beyond exchange services, the 4-year-old startup operates asset management and venture capital businesses under its diversified financial group.
Diverse services and market momentum
The timely capital raise and swelling user base underscore HashKey’s market momentum following last year’s receipt of difficult-to-obtain regulatory trading licenses.
The firm aims to become a leading compliant gateway between crypto and traditional finance.
