The Hong Kong-based investment firm Hashkey Group is looking to raise $100 million to $200 million at a valuation above $1 billion, according to a Bloomberg report.
The move comes as Hong Kong looks to push investments in the digital asset space to strengthen its reputation as a forward-looking financial hub. That reputation took a hit after years of pandemic-related slowdown and talent migration.
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Hashkey is a digital asset management and finance house, operating in several areas including venture capital and digital coin trading. The firm has one of the city’s only two licensed virtual asset trading platforms by Hong Kong’s Securities and Futures Commission.
Founded in 2018, Hashkey was an early corporate investor in Ethereum.
The crypto slowdown
Like many industries, blockchain and crypto have seen a significant slowdown in investment since the start of last year.
In the first quarter of…