HashKey said the funds would be put toward its business arms, including asset management, a node validation service, a tokenization service and a Web3 incubation arm.
Hong Kong-based crypto exchange HashKey has now hit so-called unicorn status after raising nearly $100 million in a Series A funding round at a pre-money valuation of over $1.2 billion.
In a Jan. 16 announcement, HashKey said the funding round included “prominent institutional investors” and “leading Web3 institutions” but didn’t disclose their identities.
Its claimed pre-money valuation would put it at unicorn status, which is a term used in the venture capital industry to describe a startup valued over $1 billion.
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Source: https://cointelegraph.com/news/hong-kong-hashkey-raise-100m-series-a-funding-valuation