Hong Kong-based crypto investment firm Hashkey is reportedly in talks to raise $100-200m in funding at a $1bn valuation. The firm aims to capitalise on Hong Kong’s plans to become a regional crypto hub, with new licensing rules set to allow crypto companies to operate in the city from next month. Hong Kong’s regulators have also called for banks to support virtual asset service providers. Hashkey has not yet finalised the terms or size of the funding deal. Other firms, including ProDigital Futures, have also committed to investing in crypto companies in Hong Kong, demonstrating the region’s increasing appeal to investors.