HashKey Group, a prominent digital asset financial services provider in Asia, has unveiled plans to establish what it claims will be Asia’s largest multi-currency Digital Asset Treasury (DAT) ecosystem fund aimed at enhancing the global marketplace. This initiative is expected to play a vital role in furthering standardized management of crypto assets and fostering the sustainable growth of the Web3 ecosystem.
The new fund will serve as a perpetual vehicle aligned with the long-term operational goals and liquidity needs of DAT, enabling regular subscriptions and redemptions. HashKey is set to create a diversified portfolio by initiating and investing in various DAT initiatives, particularly focusing on projects related to mainstream cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC). The fund has an ambitious initial fundraising goal of exceeding USD 500 million, aiming to create a reliable institutional bridge between traditional financial capital and on-chain assets.
With the launch of this DAT model, HashKey intends to provide institutional investors with a compliant and efficient avenue for asset participation, thereby optimizing potential returns. The group plans to leverage its extensive resources to bolster core public chain ecosystems like Ethereum and actively engage in the operations of DAT companies. This approach is aimed at establishing a cyclical mechanism of capital investment, ecosystem application, market value capture, and liquidity exit, marking a pioneering move in the market.
In the context of ongoing convergence between traditional finance and crypto assets, HashKey views DAT as a significant and evolving opportunity in capital markets. It suggests that DAT’s structure is better suited for the high-volatility, around-the-clock nature of the crypto market compared to conventional passive Exchange-Traded Fund (ETF) options. By marrying traditional financial valuation methods with on-chain asset frameworks, DAT could serve as a vital interface for traditional capital to engage with the Web3 ecosystem and pave the way for compliance and globalization.
HashKey’s focus on DAT represents a continuation of its strategic vision rather than a change in direction. With over a decade of active participation in the Ethereum ecosystem, the group has built a strong foothold in the Web3 arena. HashKey Capital has invested in more than 600 blockchain and cryptocurrency initiatives globally, notably supporting over 400 Ethereum projects. The HashKey Exchange is recognized among the pioneering issuers of digital asset spot ETFs via the Hong Kong Stock Exchange, while HashKey Cloud has established itself as a major node service provider, further solidifying HashKey’s influence in the sector.
In light of increasing regulatory scrutiny, especially following Nasdaq’s recent heightened focus on crypto investments, HashKey emphasizes the importance of compliance and trust moving forward. The firm asserts that institutions with robust asset identification capabilities, risk management, and ecosystem governance will thrive in the evolving DAT landscape.
Looking ahead, HashKey seeks to build a comprehensive institutional framework to operate within the digital assets domain. Its long-term vision is to enhance asset standards, tie together global initiatives from Hong Kong, and facilitate a seamless flow of capital into and along the ecosystem.
As a key player in the digital asset financial services landscape, HashKey Group operates globally, covering regions like Hong Kong, Singapore, Japan, Ireland, and Bermuda. Since its inception in 2018, the company has been instrumental in creating a high-compliance global Web3 framework that includes a diverse range of services from trading and asset management to infrastructure provision and tokenization, all aimed at democratizing blockchain technology for a broader audience.
