Investment firm HashKey Group is looking to raise funds with a valuation of $1 billion, taking advantage of Hong Kong’s crypto frenzy.
The crypto industry’s appeal to institutional players has started to whet the appetite of countries and investors. While Hong Kong aims to be a center in the crypto industry, it is noteworthy that many corporate companies are generous to invest.
Crypto investment firm HashKey Group plans to raise funds by leveraging Hong Kong’s crypto efforts as well. The company’s planning includes attracting an investment of up to $200 million at a $1 billion valuation.
HashKey Group Focused on Attracting Investments
Crypto investment firm HashKey Group aims to raise close to $200 million in investment, taking advantage of the growing Hong Kong popularity.
According to the news made by Bloomberg, the crypto investment company started its search for funds with a valuation of 1 billion. HashKey Group, which has a large share of Hong Kong’s crypto pie, aims to expand its customer base.
Hong Kong is preparing to approve licensed crypto exchanges, such as HashKey Group’s exchange. HashKey Group aims to raise funds to turn this situation into an opportunity.
Currently, the only exchange licensed in Hong Kong is HashKey Group’s crypto exchange. Other crypto exchanges such as OKX and Bitget are also preparing to apply for licenses under Hong Kong’s new regulations.
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