Crypto firm HashKey secures $100 million funding, exceeds $1 billion valuation

Cryptocurrency exchange HashKey Group said on Tuesday that it raised nearly $100 million after the completion of a Series A financing round, at a pre-money valuation exceeding $1.2 billion.

HashKey said the newly raised capital will be used to strengthen its Web3 ecosystem, enhance product diversification of its licensed business in Hong Kong and support the Group’s global development.