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.
OKX Ventures — the investment arm of the OKX digital-asset exchange — is among the lead investors in the round, people familiar with the matter said, asking not to be identified as the information isn’t public. Representatives at OKX and HashKey declined to comment.
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Curated by Arun