Asian cryptocurrency investment firm HashKey Group is in early-stage talks to raise between $100-200 million at $1 billion valuation, Bloomberg has learned, citing people familiar with the matter.
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Although terms of the deal remain undisclosed, the Hong Kong-headquartered firm reportedly wants to use the proceeds to expand its customer base as the city is liberalizing crypto policy.
Founded in 2018, HashKey Group has made over 90 investments so far, according to data from Crunchbase. The most recent investment was in April, when the firm backed CEBG Studio, which raised $3 million. HashKey also backed Animoca Brands and Blockfolio.
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