Crypto Firm Seeks Funds at $1 Billion-Plus Value as HK Opens Up

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Crypto investment firm Hashkey Group plans to raise funds at a valuation above $1 billion, taking advantage of Hong Kong’s digital asset push to try and entice potential investors.

Hashkey, which operates one of the city’s only two licensed digital coin bourses, is in early-stage talks to raise $100 million to $200 million, according to people familiar with the matter. The deal is progressing but terms such as size and valuation could change because they aren’t finalized, the people said, asking not to be identified discussing private negotiations.

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