Crypto firm Hashkey aims for unicorn status: Bloomberg

The crypto financial services and investment company Asian Hashkey would like to complete a round table which would propel its valuation à more than a billion dollars.

According to people close to the case quoted by Bloomberg, Hashkey Group is currently in discussions with investors as part of a financing round of $100 to $200 million that would allow the Hong Kong-based digital asset specialist to be valued at more than $1 billion and thus obtain the status of unicorn.

Hashkeywhich has launched several investment funds dedicated to this new industry and endowed with hundreds of millions of dollars, also offers a wide range of services crypto for institutional use.

The firm based in Hong Kong would now like to take advantage of the local government’s initiative to create an environment that favors the development of digital assets. Recently, the CEO of Kaiko said that the pro-crypto attitude of the Hong Kong authorities should attract capital.

According to sources, the size of the funding round and the valuation of Hashkey are still under negotiation and could therefore change.

The drop in cryptocurrency prices in 2022 has made it harder for blockchain startups to access capital. According to PitchBookthe latter collected $2.4 billion in Q1 2023, 4 times less than in Q1 2022.

Hong Kong to set up a licensing system for crypto service providers starting next June. The city-state later plans to create rules for stablecoins.

Follow Corners.en on Twitter, Linkedin, Facebook or Telegram to not miss anything.