HashKey’s Global Odyssey Begins with Bermuda License

Cryptocurrency exchange HashKey is gearing up for a significant leap into the global market with a new initiative tailored for qualified retail investors.

Hong Kong’s licensed crypto exchange, HashKey, recently unveiled its latest endeavor, HashKey Global, designed to cater to an international clientele. The company disclosed this development in an X post on April 8, highlighting its strategic move towards global expansion.

An Exclusive Offering

Livio Weng, Chief Operating Officer of HashKey Group, elaborated on the venture’s scope in an interview with the Hong Kong Economic Journal. HashKey Global aims to provide access to a diverse array of over 20 cryptocurrencies, leveraging Bermuda’s robust digital asset investor protection system license. Initially targeting qualified retail investors, the exchange plans to introduce additional financial products such as futures and staking in the coming quarter.

Weng also shared insights into HashKey’s impressive asset management growth trajectory. Currently standing at over HK$2 billion (approximately $255 million), the company’s asset management scale is projected to quadruple to HK$8 billion by the close of 2024. Despite its global aspirations, HashKey remains firmly rooted in Hong Kong, with a strategic focus on nurturing its presence in the Asia-Pacific region for the next five years.

To facilitate its ambitious expansion plans, HashKey is actively seeking additional funding avenues. Discussions are underway with potential investors, with the exact funding amount yet to be finalized. However, reports hint at a substantial investment surpassing the $100 million mark raised during its previous Series A financing round, which valued the company at over $1.2 billion, as previously reported by crypto.news.