HashKey Group (HashKey), an end-to-end digital asset financial services group based in Hong Kong, has announced the completion of a Series A financing round of nearly $100 million at a pre-money valuation above $1.2 billion.

HashKey said in a statement on Tuesday that in addition to the active participation and strong commitment of existing shareholders, this financing round attracted new investors, including prominent institutional investors, leading Web3 institutions, and strategic partners.

According to the statement, the newly raised capital will be used to solidify HashKey’s Web3 ecosystem, accelerate the product diversification of its licensed business in Hong Kong, and drive the group’s compliant and innovative development globally.

It is noted that in 2023, HashKey pioneered a regulatory era in the Hong Kong virtual asset industry.

HashKey Exchange launched the first licensed virtual asset exchange app in Hong Kong, providing customers with secure and seamless one-stop virtual asset trading services.

Within four months of launch, registered users surpassed 155,000, with a daily average trading volume of $630 million in the past 30 days.

HashKey Exchange has also established strategic partnerships with over ten brokerage firms and six public listed companies.

The firm has also steadily established itself as a leader in the virtual asset industry under the “Hong Kong Narrative.”

According to the statement, the group is actively investing in the future with a well-established Web3 ecosystem.

Its core businesses also include HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenization, tokenization services provider; and HashKey NFT, Web3 PFP incubation and community operation service provider, among others.

Established in 2018, HashKey Group is an end-to-end digital asset financial services group in Asia.

The firm is headquartered in Hong Kong and with operations in Singapore and Tokyo.

The group has a wide range of businesses that provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem.

HashKey Exchange insured by OneInfinity by OneDegree for digital wallet coverage