• Latest
  • Trending
  • All
HashKey Group to Raise Funds at $1B Valuation

HashKey Group to Raise Funds at $1B Valuation

May 20, 2023
Connected products at the edge

Connected products at the edge

June 1, 2023
This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

June 1, 2023
BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

June 1, 2023
Ethereum Open Interest On Deribit At A 3-Year High

Ethereum Open Interest On Deribit At A 3-Year High

June 1, 2023
Bitcoin logs monthly loss, Ether drops, U.S. equities slide

Bitcoin logs monthly loss, Ether drops, U.S. equities slide

June 1, 2023
Hong Kong Has Ambitions to Build Crypto Hub But Hasn’t Landed Big Commitments

Hong Kong Has Ambitions to Build Crypto Hub But Hasn’t Landed Big Commitments

June 1, 2023
No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts

No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts

June 1, 2023
Blockchain Analytics Firm Nansen Cuts Workforce by 30%

Blockchain Analytics Firm Nansen Cuts Workforce by 30%

June 1, 2023
Fancy Crypto – Cryptocurrency Mining Platform Now Gives Users 7 Different Ways To Start Mining Crypto…

Fancy Crypto – Cryptocurrency Mining Platform Now Gives Users 7 Different Ways To Start Mining Crypto…

May 31, 2023
Binance Coin (BNB) and Dogecoin (DOGE) Charts Show Red; Investors Looking To Buy into Uwerx (WERX) Early

Binance Coin (BNB) and Dogecoin (DOGE) Charts Show Red; Investors Looking To Buy into Uwerx (WERX) Early

May 31, 2023
An update on Devcon 6, and something new…

An update on Devcon 6, and something new…

May 31, 2023
Crypto Trio Shaking The Market: Polkadot, Litecoin, And Caged Beasts Rally For Success

Crypto Trio Shaking The Market: Polkadot, Litecoin, And Caged Beasts Rally For Success

May 31, 2023
Thursday, June 1, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Blockchain

HashKey Group to Raise Funds at $1B Valuation

by Cuevas Antonio
May 20, 2023
in Blockchain
0
HashKey Group to Raise Funds at $1B Valuation
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


HashKey Capital emphasised that it plans to direct the funding into Web3 initiatives with the intention to broaden its crypto publicity.

Crypto funding firm HashKey Group is wanting in the direction of leveraging Hong Kong’s digital property efforts to raise funds at a valuation of over $1 billion to draw potential traders.

The Chinese language Particular Administrative Area is finalizing digital asset licensing laws with the purpose of changing into a worldwide crypto hub. Hong Kong has been making efforts to advertise and regulate the digital asset trade, which may create a positive atmosphere for companies like HashKey Group.

HashKey is in early talks to lift between $100 million and $200 million, folks conversant in the matter mentioned. It is very important be aware that these particulars are primarily based on insider data, and the phrases of the deal, together with the dimensions and valuation, are topic to alter because the negotiations progress and should not but finalized.

Elevating funds at a valuation above $1 billion means that HashKey Group has achieved important development and success in its operations. It additionally signifies investor confidence within the potential of the crypto trade regardless of the strains of the previous yr. It is going to be fascinating to see how HashKey will use the raised funds to contribute to the event of Hong Kong’s digital asset ecosystem.

In the meantime, HashKey Capital, the funding arm of HashKey Group, not too long ago announced the closure of its third fund, HashKey FinTech Funding Fund III, which raised a complete of $500 million. Notably, Fund III obtained important help from institutional traders resembling sovereign wealth funds, companies, and household places of work.

HashKey Capital emphasised that it plans to direct the funding into Web3 initiatives with the intention to broaden its crypto publicity. Moreover, the funding agency expanded its enterprise in April by including wealth administration providers to its providing listing.

HashKey Valuation and the Hyperlink with Hong Kong’s Crypto Push

The push to help crypto is steadily gaining traction in Hong Kong. The Chinese language authorities views Hong Kong as a testing floor for longer-term coverage, even whereas banning most types of crypto-activity on the mainland.

Whereas regulators globally have been navigating the challenges of overseeing the crypto market following the market crash up to now yr and notable incidents just like the chapter of FTX, Hong Kong seems to be taking a extra open stance by introducing a licensing framework and increasing entry for retail traders.

The information of Hong Kong introducing a brand new licensing regime for virtual-asset service suppliers and permitting retail traders to commerce main tokens like Bitcoin and Ether showcases the town’s contrasting method to regulating the crypto trade in comparison with regulators in different components of the world.

By implementing a licensing regime, Hong Kong goals to ascertain a regulatory framework that promotes transparency, client safety, and the integrity of the digital asset trade.

Nevertheless, an Hong Kong official has warned that upcoming crypto regulation won’t encourage a relaxed method regardless of the town’s pleasant stance on crypto and increasing entry for retail traders.

next

Blockchain News, Business News, Cryptocurrency news, Investors News, News

Benjamin Godfrey

Benjamin Godfrey is a blockchain fanatic and journalists who relish writing about the true life functions of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His wishes to coach folks about cryptocurrencies evokes his contributions to famend blockchain primarily based media and websites. Benjamin Godfrey is a lover of sports activities and agriculture.

Thanks!

You may have efficiently joined our subscriber checklist.



Source link

Tags: FundsGroupHashKeyraiseValuation
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Connected products at the edge

Connected products at the edge

June 1, 2023
This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

June 1, 2023
BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

June 1, 2023

Recent News

Connected products at the edge

Connected products at the edge

June 1, 2023
This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

This Man Is Accused Of Running A Secret Crypto Mining Operation In A High School Crawlspace » TwistedSifter

June 1, 2023
BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

BIT Mining Limited: Selling Ethereum And Holding Dogecoin (NYSE:BTCM)

June 1, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved