Hashkey Group, a digital asset financial services firm, is seeking $1 billion in a funding round, according to a report by Bloomberg.
Hashkey Group Seeks $1 Billion Funding Round
Hashkey Group, a digital asset financial services firm, is seeking $1 billion in a funding round, according to a report by Bloomberg.
The Asia-based firm is in preliminary talks with investors and is seeking a valuation of $1 billion, the report said.
Hashkey Group was founded in 2017 and is headquartered in Hong Kong. The firm provides a range of services to institutional investors, including asset management, trading, and custody.
The company's planned funding round comes at a time of growing interest in digital assets from institutional investors. In recent months, a number of large asset managers have launched crypto funds, and major banks were encouraged to provide services to digital assets companies by Hong Kong regulators.
The growth of the institutional crypto market is being driven by a number of factors, including the rising price of Bitcoin and the increasing acceptance of digital assets by regulators in Hong Kong.
