Beijing-based venture capital firm Gaorong Ventures has invested $30 million in HashKey Group, a Hong Kong-based crypto company, valuing it at $1.5 billion. This investment is a rare move by a Chinese firm in the crypto space. The funding comes shortly after HashKey Capital, the investment arm of the group, received approval from Hong Kong's Securities and Futures Commission to offer discretionary account management for cryptocurrencies. HashKey Group offers a range of crypto services and is licensed by several financial regulators in different countries.



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