Hashkey Group Achieves Unicorn Status With $100 Million Series A Funding

After obtaining a broad superior markets licence successful Singapore, Hashkey Group announced it has successfully garnered $100 cardinal done a Series A backing round. The caller injection of superior is earmarked for expediting the maturation of their licensed operations successful Hong Kong, portion simultaneously strengthening the company’s Web3 initiatives.

$100 Million Funding Aims to Fuel Expansion and Strengthen Web3 Initiatives

On Tuesday, Hashkey Group, based successful Hong Kong, disclosed its palmy fundraising of $100 cardinal from a premix of strategical partners, organization backers, and Web3 entities. This infusion of funds elevates the institution to unicorn status, with an estimated valuation of astir $1.2 billion.

In their Tuesday announcement sent to Bitcoin.com News, the institution elaborated, “The recently raised superior volition beryllium utilized to solidify Hashkey’s Web3 ecosystem, accelerate the merchandise diversification of its licensed concern successful Hong Kong, and thrust the Group’s compliant and innovative improvement globally.”

The latest improvement comes connected the heels of Hashkey securing a broad Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). Hashkey Exchange, the firm’s trading platform, boasts implicit 155,000 registered users and a trading measurement of $630 cardinal successful the past month. On Tuesday, the radical further highlighted its constitution of partnerships with six publically traded companies and 10 brokerage houses.

According to Crunchbase, Hashkey has executed 85 chiseled investments, channeling funds into startups similar Fetcch and Range Protocol. Notably, Hashkey precocious spearheaded a $5 cardinal pre-Series A backing circular for 0xscope, with contributions besides coming from GSR Markets, Redpoint China, Amber Group, and Okx Ventures.

What bash you deliberation astir Hashkey Group raising $100 million? Share your thoughts and opinions astir this taxable successful the comments conception below.