H
HKbitEX
An Institutional Grade Virtual Asset Trading Platform for Professional Investors
About HKbitEX
Positioned at the intersection of traditional finance and the burgeoning digital asset space, HKbitEX (Hong Kong Digital Asset Ex Limited) operates as a digital asset exchange platform headquartered in Hong Kong. The company was founded in 2019 by a team that includes Gao Han, Ken Lo, Wang Shibin, Zuo Tao, and Cheng Yue. Gao Han, the CEO, brings extensive experience from his time at the Hong Kong Exchanges and Clearing (HKEX), China Investment Corporation, and Goldman Sachs. Co-founder Ken Lo also possesses a diverse financial background with roles at ZA International, HSBC, and McKinsey.
HKbitEX is a subsidiary of Tykhe Capital Group and aims to serve professional and institutional investors. The firm's business model centers on providing a compliant and regulated platform for digital asset services, including spot trading, over-the-counter (OTC) trading, and custody. A significant focus for the company is the Security Token Offering (STO) market, where it provides an end-to-end solution from issuance and distribution to trading on a secondary market. This is designed to unlock liquidity for traditionally illiquid assets like real estate and private equity funds. Revenue is generated through transaction fees on its trading platform and fees associated with its comprehensive STO services.
A key milestone for HKbitEX was receiving approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for Type 1 (dealing in securities) and Type 7 (providing automated trading services) licenses in March 2024. This regulatory green light allows the firm to offer automated trading for virtual assets like Bitcoin and Ethereum and sets the stage for trading tokenized securities, pending final approvals. This positions its parent company, Tykhe Capital Group, as one of the first to navigate Hong Kong's comprehensive Virtual Asset Service Provider (VASP) licensing regime. The company secured $10 million in a Series A2 funding round in December 2020 from investors including Axion Global Investment, Hanwha Asset Management, and Draper Dragon Innovation Fund III.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Hong Kong
- Employees
- 23
- Open positions
- None listed
- Dealroom signal
- 50.3/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi
- Sector
- Fintech, Crypto Exchange, Crypto and Web3, Hard Tech
- Technology
- Blockchain
- Business model
- Marketplace & ecommerce, SaaS
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Dec 2020 | $10M | $40M | QBN Capital · Borderless Capital · Lingfeng Capital | ↗ |
Growth signals
Latest recorded traffic for HKbitEX is 470 monthly website visits, down 60.8% over the last three months. HKbitEX's team grew 4.5% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
QBN Capital
Borderless Capital
Lingfeng Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about HKbitEX on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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