{"id":11554,"date":"2023-05-20T23:08:17","date_gmt":"2023-05-21T03:08:17","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/crypto-firm-hashkey-eyes-1-billion-valuation-capitalizing-on-hong-kongs-digital-shift\/"},"modified":"2023-05-20T23:08:18","modified_gmt":"2023-05-21T03:08:18","slug":"crypto-firm-hashkey-eyes-1-billion-valuation-capitalizing-on-hong-kongs-digital-shift","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11554","title":{"rendered":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong’s Digital Shift"},"content":{"rendered":"
\n

Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.<\/p>\n

The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg\u00a0reported\u00a0Friday, citing people familiar with the matter.\u00a0<\/p>\n

The deal is reportedly in progress, but details regarding the size and valuation may change as they are not yet finalized.\u00a0<\/p>\n

Hashkey operates in various financial areas, including HashKey Capital, HashKey Custody, brokerage HashKey XPert, HashKey Pro exchange, and Web3 infrastructure HashQuark.\u00a0<\/p>\n

The company is among a growing number of Hong Kong-based digital asset firms looking to expand their customer base in an increasingly liberalizing environment.\u00a0<\/p>\n

Last year, HashKey\u00a0announced\u00a0that it had been granted a \u201cType 9 asset management license\u201d by Hong Kong\u2019s Securities and Futures Commission, allowing it to manage portfolios that only contain virtual assets and likely paved the way for its latest offering.<\/p>\n

And earlier this year, the company closed a $500 million investment round for a fund that will invest in infrastructure, toolings, and applications that will help push the mass adoption of blockchain and crypto technologies.<\/p>\n

At present, only Hashkey and BC Technology Group’s OSL bourse have permits to operate a crypto exchange in the city-state.\u00a0<\/p>\n

However, leaders from other exchanges, including OKX and Bitget, have expressed their intention to apply for a license under Hong Kong’s new regulatory regime.\u00a0<\/p>\n

Hong Kong’s New Regulatory Framework to Come Into Effect Next Month<\/h2>\n

Hong Kong has been aggressively pursuing its Web3 and blockchain push in a bid to position itself as a hub for digital innovation in Asia and attract crypto firms.\u00a0<\/p>\n

The city has recently\u00a0adopted a new regulatory regime, which would allow retail investors to trade specific \u201clarge-cap tokens\u201d on licensed exchanges. The new regulatory framework will come into effect starting next month.\u00a0<\/p>\n

It is worth noting that Hong Kong’s effort to attract crypto firms has already paid out.\u00a0<\/p>\n

The city\u2019s Secretary for Financial Services and the Treasury, Christian Hui, said last month that\u00a0more than 80 companies\u00a0working in the digital asset space had shown interest in establishing a presence in the city since October 2022.<\/p>\n

The improving regulatory stance in the city has also led to a growing investor appetite for digital assets.\u00a0<\/p>\n

Back in March, Hong Kong investors launched a new $100 million fund, ProDigital Future, to support early-stage crypto and Web3 companies.<\/p>\n

The Chinese government’s support for Hong Kong’s vision is evident in their outreach to crypto businesses this year, despite their ban on most forms of crypto-activity on the mainland.\u00a0<\/p>\n

As\u00a0reported, a number of Chinese state-owned banks in Hong Kong have started offering services to crypto companies, which include the Bank of Communications, Bank of China, and Shanghai Pudong Development Bank.\u00a0<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion. The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg\u00a0reported\u00a0Friday, citing people familiar with the matter.\u00a0 The deal is reportedly in progress, but details regarding the size and valuation […]<\/p>\n","protected":false},"author":1,"featured_media":11555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-11554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nCrypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=11554\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=11554\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-21T03:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-21T03:08:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1667526328-hashkey-capita.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=11554#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=11554\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong’s Digital Shift\",\"datePublished\":\"2023-05-21T03:08:17+00:00\",\"dateModified\":\"2023-05-21T03:08:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=11554\"},\"wordCount\":475,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=11554#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=11554\",\"url\":\"https:\/\/ifintechworld.com\/?p=11554\",\"name\":\"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-21T03:08:17+00:00\",\"dateModified\":\"2023-05-21T03:08:18+00:00\",\"description\":\"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=11554#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=11554\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=11554#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong’s Digital Shift\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld","description":"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=11554","og_locale":"en_US","og_type":"article","og_title":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld","og_description":"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise","og_url":"https:\/\/ifintechworld.com\/?p=11554","og_site_name":"iFintechWorld","article_published_time":"2023-05-21T03:08:17+00:00","article_modified_time":"2023-05-21T03:08:18+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1667526328-hashkey-capita.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=11554#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=11554"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong’s Digital Shift","datePublished":"2023-05-21T03:08:17+00:00","dateModified":"2023-05-21T03:08:18+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=11554"},"wordCount":475,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=11554#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=11554","url":"https:\/\/ifintechworld.com\/?p=11554","name":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-21T03:08:17+00:00","dateModified":"2023-05-21T03:08:18+00:00","description":"Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.The company is in early-stage talks to raise","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=11554#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=11554"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=11554#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong’s Digital Shift"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/11554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11554"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/11554\/revisions"}],"predecessor-version":[{"id":11556,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/11554\/revisions\/11556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/11555"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}