Crypto’s HashKey Raises $100 Million, Claims Unicorn Status (1)

HashKey Group,operator of one of Hong Kong’s two licensed crypto exchanges, said it raised nearly $100 million in a funding round and is now a so-called unicorn with a valuation exceeding $1 billion.

The company said in a statement on Tuesday that existing and new investors contributed the funding but refrained from identifying them. The money will be used to build out a web3 ecosystem as well as licensed products in Hong Kong, the firm said. HashKey added its valuation lies north of $1.2 billion.

OKX Ventures — the investment arm of the OKX digital-asset exchange — is among ...