Outside Source
Cryptocurrency exchange HashKey is set to expand its business on a global scale with a new venture aimed at qualified retail investors.
Hong Kong‘s licensed crypto exchange HashKey launched a new venture called HashKey Global established for an international business, the company announced in an X post on Apr. 8.
Speaking in an interview with Hong Kong Economic Journal, HashKey Group’s chief operating officer Livio Weng said that the newly established exchange will initially offer access to over 20 currencies, leveraging Bermuda’s “comprehensive digital asset investor protection system license.” This access will be exclusive to qualified retail investors, with plans to introduce futures, staking, and other financial products within the next quarter.
Weng also disclosed that HashKey’s current asset management scale exceeds HK$2 billion (approximately $255 million) and is projected to quadruple to HK$8 billion by the end of 2024. Despite its global ambitions, the company reaffirmed its commitment to its Hong Kong base, with a strategic focus on the Asia-Pacific region over the next five years.
In a bid to support its business development efforts, Weng outlined the company’s plans to secure additional funding this year. HashKey is currently in discussions with potential investors, although the exact amount of financing remains undetermined. However, reports suggest that it could surpass the $100 million raised in its previous Series A financing round, which valued the company at over $1.2 billion, as crypto.news reported earlier.
This article first appeared at crypto.news
