HashKey Group, Hong Kong’s largest licensed crypto exchange, has unveiled its inaugural Digital Asset Treasury (DAT) fund, aiming for a target size of $500 million. The DAT model emphasizes public companies building cryptocurrency holdings to ride rising token prices and softer regulatory climates.
The strategy mirrors the success of U.S.-based software firms that started stockpiling Bitcoin in 2020, with holdings now exceeding $63 billion. According to Standard Chartered, copycat firms collectively own nearly 100,000 Bitcoin.
HashKey said its new multi-currency fund will invest globally in DAT projects, with an initial focus on Ethereum and Bitcoin ecosystems. The company aims to diversify its portfolio while pushing for greater standardization of crypto assets and fostering sustainable Web3 development.
By backing leading DAT ventures, HashKey positions itself as a pioneer in aligning corporate treasuries with digital assets, potentially shaping the evolution of enterprise crypto adoption in Asia and beyond.
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