The Hong Kong-based cryptocurrency investment company, HashKey Group, plans to raise a sizable amount of funding to push its valuation past $1 billion. According to internal sources cited by Bloombergthe company is in the early stages of negotiations with potential investors, aiming to obtain between $100 and $200 million in funding. As these discussions are ongoing, the final terms of the fundraising initiative have not yet been finalized.
This attempt to raise funds coincides with a particularly auspicious moment for companies in the crypto currency to hong kong. Recently, authorities in the region have been working to strengthen the crypto industry. A new regulatory framework is about to be introduced for cryptocurrency exchanges, and banks have received guidelines to welcome crypto businesses that meet the necessary criteria to own an account.
A multifaceted company in a promising landscape
Established in 2018, HashKey Group has a wide range of business operations. These include venture capital investmentsthere asset management and the trading, positioning the company favorably in the multi-dimensional cryptocurrency market. Further strengthening its position in Hong Kong, HashKey operates HashKey Pro, one of only two licensed cryptocurrency exchanges in the region.
With this new fundraiser, HashKey is ready to capitalize on the favorable environment for hong kongworking to consolidate its position as an investment company in crypto currencies leading.
The article HashKey Group is targeting a $1 billion valuation in its next fundraising appeared first on Corner Academy
