Hashkey Group COO: Plans to conduct A+ or B round financing this year, with the amount likely to exceed the previous round

ChainCatcher news, according to a report by the newspaper, the digital asset financial services group Hashkey Group announced earlier this year that it has completed nearly $100 million in Series A financing. Chief Operating Officer Weng Xiaoqi revealed in an interview that to align with business development, they plan to conduct a new round of A+ or B financing this year. Investors have already been contacted and discussions are ongoing, but the financing amount has not yet been determined, though it may exceed the previous round.

He stated that this year remains a rapid growth period for HashKey, and they will make significant investments, especially in global expansion. They do not expect to achieve profitability this year but hope to start attempting to achieve profitability next year, driven by the new global trading platform HashKey Global and the institutional business in Hong Kong. Regarding hiring additional staff, he admitted that HashKey will expand, but will not excessively grow before achieving large-scale profitability. The current number of employees is about 400, with plans to increase to no more than 600, mainly focusing on hiring core business staff, especially for HashKey Global. They will prioritize finding talent globally and will adopt a distributed office model to serve clients in different time zones.

The local industry is actively preparing for virtual asset spot ETFs. Weng Xiaoqi expects that the industry will see a virtual asset spot ETF approved in the second quarter. Currently, HashKey is closely advancing cooperation with a dozen fund companies, among which several partners have submitted proposals to the Securities and Futures Commission, and they are still awaiting a response. They have completed 90% of the product functions developed in conjunction with partners, such as custody and settlement reports, and hope to become the fastest institution to provide products to partners. He noted that this year is a critical period for the development of the Hong Kong market, and they will strive to increase their market share.