The company is in talks to raise $100 million or more in early-stage. The deal is moving forward, but terms such as size and valuation may change, the publication’s sources said.
Hashkey was founded in 2018. Activities include venture capital investment, asset management, brokerage, trading and infrastructure Web3 projects.
HashKey Group is headquartered in Hong Kong and also does business in Singapore and Japan.
The group owns the investment company HashKey Capital and the trading floor HashKey PRO, one of Hong Kong’s two licensed crypto exchanges.
New regulations for the crypto industry in Hong Kong are due to take effect as early as June 1.
Hong Kong regulator pays special attention to anti-money laundering (AML) procedures and customer identification processes (KYC).
SFC already provides some crypto-platforms in accordance with the rules. In addition, OSL and Hashkey Group have already received licenses from the regulator.
Earlier, the Hong Kong Monetary Authority (HKMA) announced the launch of the e-HKD pilot program and testing options for using this state-owned digital currency;