Unveiling Tokyo and Hong Kong: Unmissable Crypto Hubs
Hong Kong Securities Regulator to Commence Accepting Crypto Exchange License Applications from June 1st
HashKey Group, a Digital Asset Firm, Aims to Raise $200M at $1B Valuation: Bloomberg
Digital asset financial services firm HashKey Group is reportedly seeking to raise funds with a valuation of $1 billion, as stated in a recent Bloomberg report on Friday.
The report states that HashKey, a financial services firm based in Asia, is in early-stage discussions to secure funding in the range of $100 million to $200 million, as confirmed by insiders familiar with the matter.
The company aims to take advantage of Hong Kong's resurgence in the past few months as a prospective cryptocurrency hub, given the city's efforts to establish a well-defined regulatory framework for digital assets.
In an effort to stimulate investment and capital inflow, Hong Kong is actively seeking to attract cryptocurrency companies to its jurisdiction, following a period of economic strain caused by COVID-related restrictions in recent years.
HashKey was at the forefront of obtaining approval from Hong Kong's Securities and Futures Commission (SFC) to operate a virtual asset trading platform. Building upon this achievement, the company recently unveiled its plans to introduce a regulated exchange in the second quarter of this year, showcasing its commitment to innovation and compliance within the crypto industry.
The company did not provide an immediate response to CoinDesk's inquiry for comment.
