Hold onto your wallets, folks! China’s Gaorong Ventures just threw a whopping $30 million into the crypto cauldron of the Hong Kong-registered HashKey exchange! 💸💥
According to a top-secret, totally-not-made-up Bloomberg report from Feb. 14, HashKey is now strutting around with a pre-money valuation of nearly $1.5 billion! That’s right, billion with a “B”! But shhh, the sources are as unnamed as the guy who claims he invented the internet. 🤫
Gaorong Ventures is like the Avengers of venture capital, featuring a star-studded cast of Chinese tech titans like Tencent, Alibaba, and Xiaomi. It’s like a techie version of “The Breakfast Club,” but with more money and fewer awkward silences. 🍳💼
HashKey hit the unicorn jackpot on Jan. 16 after raking in nearly $100 million in a Series A funding round. That’s right, folks, they’re officially a unicorn! 🦄 And not just any unicorn, but one with a pre-money valuation of over $1.2 billion! Talk about a glow-up!
HashKey’s Regulated Presence in Hong Kong
HashKey has been licensed in Hong Kong to deal in Securities and provide automated trading services since Nov. 9, 2022. That’s right, they’re not just playing dress-up; they’ve got the official stamp of approval! 🎉
According to the Securities and Futures Commission (SFC) of Hong Kong, HashKey is licensed under the Anti-Money Laundering and Counter-terror Financing Ordinance (AMLO). So, no funny business here, folks! Just good ol’ fashioned crypto trading! 💼🔍
They even got their license to operate a virtual asset trading platform on May 30, 2024. It’s like getting a driver’s license, but for digital coins! 🚗💨
According to PitchBook data, venture capital investments saw a slight increase in Q4 2024 from the previous quarter. But hold your horses! The $10 billion raised was still $300 million lower than last year, despite the bull market. It’s like going to a buffet and realizing you still can’t eat all the food! 🍽️🐂
Crypto Licensing Drive in Hong Kong
Hong Kong just awarded its latest crypto license on Jan. 27 to two local crypto exchanges — PantherTrade and YAX. Sounds like a superhero team, doesn’t it? 🦸♂️🦸♀️
Since 2020, 10 crypto exchanges have officially registered in Hong Kong under AMLO, and they’re all ready to rock the virtual asset trading world! It’s like a crypto party, and everyone’s invited! 🎊🎉
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2025-02-14 17:04