---
title: "Hong Kong exchange HashKey closes $100M funding at over $1.2B valuation"
url: https://diffcoin.com/hong-kong-exchange-hashkey-closes-100m-funding-at-over-1-2b-valuation/
description: "Hong Kong-based crypto exchange HashKey has raised nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion.The…"
published: 2024-01-16
updated: 2024-01-16
author: "Mila"
site: "Diffcoin"
---

# Hong Kong exchange HashKey closes $100M funding at over $1.2B valuation

Hong Kong-based crypto exchange HashKey has raised nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion.

The exchange said on Jan. 16 that the funds would be put toward its business arms, which include asset management, a blockchain node validation service, a tokenization service and a Web3 incubation arm.

> BIG NEWS!
> 
> We are proud to announce the completion of a Series A financing round of nearly US $100 million at a pre-money valuation above US $1.2 billion.
> 
> The newly raised capital will be used to: 
> ️Solidify HashKey’s [#Web3](https://twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw) ecosystem 
> ️Accelerate the product… [pic.twitter.com/EgpWA04SRN](https://t.co/EgpWA04SRN)
> 
> — HashKey Group (@HashKeyGroup) [January 16, 2024](https://twitter.com/HashKeyGroup/status/1747078787790151735?ref_src=twsrc%5Etfw)

HashKey did not disclose the investors for its round, but a Jan. 16 Bloomberg report citing people familiar with the matter named OKX Ventures, the investment arm of competing exchange OKX, as among the lead investors.

***Related:*** ***Hong Kong to oblige stablecoin issuers to obtain license — Consultation paper***

HashKey was among the first exchanges licensed in Hong Kong amid the region’s push to attract crypto businesses.

***Asia Express:*** ***Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle***

[Source link](https://cointelegraph.com/news/hong-kong-hashkey-raise-100m-series-a-funding-valuation)