The Blockchain Tech Company KEY GROUP announced the completion of Series A financing with millions of dollar investment led by HashKey Capital. Fenbushi Capital, cofounder of Fosun Group Mr. Liang Xinjun and UVA. Jointly invested in this round.
KEY GROUP, together with its subsidiaries including BIHU.COM( the largest Chinese blockchain community platform with more than 1 million users) and MYKEY Lab (a leading smart contract-based self-sovereign ID system and wallet), is a leading provider of blockchain value-added services in China. KEY GROUP’s mission is to “help the blockchain technology get mass adoption and improve the quality of life through blockchain value-added services”.
BIHU(bihu.com) is the largest Chinese blockchain community platform. With its innovative TOKEN-INCENTIVE model, BIHU has completed the accumulation of 1 million registered users since its launch on February 28, 2018, and has become a typical case of the crypto economy. BIHU as a model-case of the crypto economy has been widely discussed and studied in the blockchain industry. Thanks to the characteristics of the crypto economy, BIHU community has been highly active since its launch.
MYKEY is a blockchain self-sovereign identity system that can be deployed in multiple public chains and is dedicated to providing an infrastructure for blockchain mass adoption. From the perspective of digital asset management, MYKEY is a decentralized multi-chain wallet that allows blockchain developers to develop and operate applications on digital asset storage, trading, wealth management, and gaming in conjunction with KEY ID to create a diversity platform for crypto users. The characteristics of MYKEY are when the user’s account is lost, it can be easily frozen and restored, and there is no need to manage the resources of multiple public chains. In the era of Web 3.0, As a part of the Web of Trust, MYKEY returns data sovereignty to users, which fundamentally protects users’ privacy.
Hashkey Capital, the leading investor of this round, believes that the development of blockchain communities and user scale is an important cornerstone for the development of blockchain. KEY GROUP’s BIHU and MYKEY, the one-stop digital living platform is the best portal for individuals to enter the blockchain world. It provides a platform for blockchain industry value discovery and value precipitation, also provides a platform for blockchain various applications. At the same time, MYKEY has a very strong innovation and openness in the exploration of the self-sovereign identity system to protect user privacy and data rights, which helps to break the barriers for blockchain mass adoption. KEY GROUP is expected to be the leader in blockchain individual application platforms which will provide a high strategic value for the Hashkey Group’s overall blockchain layout.
KEY GROUP has received angel round investment from SNZ Capital and UVA. Series A will be used on technology development, team recruitment, acquisition of new users and development of overseas markets. At the same time, KEY GROUP announced to launch the KEY Eco-Fund to motivate developers to develop and operate blockchain applications based on the platform of BIHU.COM and MYKEY. MYKEY use it’s unique solution to help more noncrypto users start to use and own a self-sovereign blockchain accounts in a most user-friendly way ever before.We have nearly 100,000 users, since the project officially launched on August 20, 2019.
Attachment: Intro of Investors
HashKey Capital
HashKey Capital is the section of Hashkey Group responsible for strategic investment, providing digital asset management services focused on the blockchain field for qualified investors and professional investors. It provides investors with the best investment strategies, risk management, and investment income by using professional research and investment analysis.
Fenbushi Capital
Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 100 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem and actively work as a long-term strategic partner to its portfolio projects.
Liang Xinjun
Mr. Liang is currently the Chairman of the XIN Family. He is also as Chief Advisor of Platon. He and his family office is specialized in the investment of blockchain, AI and other cutting-edge technologies worldwide. Mr. Liang is the Co-founder of Fosun Group and served as the CEO and the Vice President.
UVA
UVA (UniValues Associates) is a global investor dedicated to fintech innovation. Founding members developed their career paths in China Growth Capital, Silicon Valley Bank, Cheetah Mobile, and Intel before UVA. UVAeir career paths in China Growth Capital, Silicon Valley Bank, Cheetah Mobile, an EMX, Harmony. one, IrisNet, Joinhub, Kava Labs.
About Us
KEY GROUP ：https://keygroup.me/
MYKEY Web: https://mykey.org/
BIHU: https://bihu.com/people/1133973
Telegram: https://t.me/mykey_lab
Twitter: https://twitter.com/mykey_lab
Medium: https://medium.com/mykey-lab
Github: https://github.com/mykeylab
Youtube: https://bit.ly/38LllFy
