Gaorong Ventures, an eminent Chinese venture capital company known for its early support from the Internet giants in the country, has invested $ 30 million in the greatest exchange of Hong Kong Authorized Crypto, Hashkey Group , according to a Bloomberg report.
The support took place at a valuation before the maximum of more than a billion dollars, according to the report. A Hashkey spokesperson would have said post-money assessment was close to $ 1.5 billion.
China has prohibited cryptocurrencies on several occasions. His latest repression occurred in 2021 saw various crypto platforms leaving the country, but Chinese investors increase their bets in the cryptocurrency space. Tencent Holdings, for example, recently invested in the Crypto Wintermute market manufacturer, reports the point of sale.
At the beginning of last year, Hashkey Group raised a series A of $ 100 million with a post-money assessment of $ 1.2 billion.
The hashkey based in Hong Kong, created in 2018, operates the first two exchanges of approved cryptocurrency in the region and is committed to the financing of the company and the management of assets.
