Tencent, Alibaba Invest 30 million in Crypto Exchang Hashkey

According to China -based Gaorong Ventures, $ 30 million in Exchange Hashkey Crypto, registered in Hong Kong, according to Bloomberg’s report.

The investment, which has been in pre -money evaluation, is about $ 1.5 billion, strengthens Hashkey as a major player in the Hong Kong encryption market.

Gaorong is the investment capital company for the support of the Great Chinese Technology Giants, including TENCENT, Alibaba and Xiaomi. Hashki He achieved the status of a single -century in January after raising nearly $ 100 million in a funding round of Series, with a rate of $ 1.2 billion.

Hongkey has been licensed in Hong Kong since 2022, allowing it to deal in securities and providing automatic trading services. The Stock Exchange received a license to trading virtual assets on May 30, 2024, under the Hong Kong Funds Act and Terrorism (AMLO).

Despite the legitimate Hashkey operations, the authorities have informed more than 30 fraud using the Hashkey brand to mislead investors.

Hashkey has expanded its organizational imprint, and secured coding licenses in Singapore, Japan and Permuda. In 2023, Hashkey Exchange became one of the first licensed platforms under the new Hong Kong system to submit retail trading.

The Crypto Financial Services, which is based in Asia, has obtained the approval of the “Virtual Service Service” registration (VASP) from the central bank in Ireland. Approval of its European unit, Hashkey Europe, allows the provision of Cryptocurrency and Custom Wallet wallet services in the region.

Separately, Hashkey Dx I collaborated with ripple To lead the Solutions Entertainment Solutions in Japan. The partnership will also include SBI Ripple ASIA, a joint project between Sbi Holdings and Ripple, which will focus on developing supply chain financing solutions using XRPL Blockchain.

Crypto Venture Capital funded a simple recovery in the fourth quarter of 2024, when $ 10 billion was raised, although it is still less than $ 300 million from the previous year, according to Pitchbook data.

Hong Kong continues to expand its regulatory framework, recently granted encryption licenses to Panthertrade and Yax in January. To date, 10 exchanges have obtained licenses under AMLO since 2020, allowing them to work legally in the region.