HashKey Group Raises $100 Million to Boost Hong Kong’s Crypto Scene

Hong Kong Crypto Firm HashKey Group Secures $100 Million Funding Round

HashKey Group, a leading digital asset management and blockchain solutions provider, announced that it has raised $100 million in a Series A funding round. The round was led by HashKey Capital, a subsidiary of HashKey Group, and joined by several institutional investors, including Fidelity International, Tencent, and Temasek.

The funding will be used to expand HashKey Group’s presence in Hong Kong and other Asian markets, as well as to enhance its product offerings and services. HashKey Group aims to provide a comprehensive platform for digital asset investors, covering custody, trading, research, education, and advisory.

“We are delighted to have the support of such prestigious investors who share our vision of building a world-class digital asset ecosystem in Hong Kong and beyond,” said Michel Lee, Executive President of HashKey Group. “This funding will enable us to accelerate our growth and innovation, and to offer more value to our clients and partners.”

Hong Kong is emerging as a key hub for the crypto industry in Asia, with supportive regulations and a vibrant community of entrepreneurs and investors. HashKey Group is one of the leading players in the market, having invested in over 60 blockchain projects and launched several successful ventures, such as HashQuark, a staking service provider, and Wanxiang Blockchain Labs, a research and education platform.

HashKey Group’s latest funding round reflects the growing interest and confidence in the crypto sector, especially in light of the recent market rally and institutional adoption. According to a report by Chainalysis, Hong Kong ranked ninth in the world in terms of crypto adoption in 2021, up from 34th in 2020, according to BNNbreaking.com.

“As one of the earliest investors in HashKey Group, we are very impressed by their achievements and vision,” said Arthur Hayes, Managing Partner of HashKey Capital. “We believe that HashKey Group is well-positioned to capture the huge opportunities in the digital asset space, and we look forward to working with them to create more value for the industry and society.”

Shrabani Sarkar

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