HashKey Group, Asia’s digital asset investment firm, is aiming to raise funds worth $1,000 million for its expansion. This is happening to promote digital assets in Hong Kong.
According to Bloomberg, currently, HashKey is under discussion with potential investors for fund security between the range of $100 million and $200 million, and the targeted valuation will be $1 billion.
In recent months, Hong Kong has become a potential crypto hub, and that is why other crypto investment firms do not want to miss this opportunity. Although the city is planning and implementing a well-defined regulatory framework for digital assets, this work is actively taking place. It generates a favorable environment to promote capitalized firms.
HashKey is one of the organizations that received approval from Hong Kong’s Securities and Futures Commission (SFC) to operate a virtual asset training platform. It also operates two licensed digital coin exchanges and hence holds a prominent position in the industry.
Amidst crypto markets becoming unstable, Hong Kong is becoming a destination for crypto firms. The city recognized the importance of the firm and how it will help Hong Kong’s economy through investment. Also, it is providing growth and expansion opportunities to industries.
- Published By Team Hongkong Journalist