HashKey Group is gearing up to launch what it calls Asia’s largest multi-currency Digital Asset Treasury (DAT) fund, with an ambitious fundraising target of over USD 500 million. Based in Hong Kong, the fund is designed to connect traditional finance (TradFi) with the fast-growing world of cryptocurrency assets, offering institutions a structured entry point into on-chain markets.
What Is a Digital Asset Treasury Fund?
The DAT model blends traditional financial strategies with the liquidity and volatility of crypto markets. Unlike ETFs, which passively track assets, DAT funds are active vehicles that respond in real time to market dynamics.
HashKey says its DAT fund will:
- Focus on mainstream cryptocurrencies like Bitcoin and Ethereum.
- Offer long-term investment opportunities with regular subscriptions and redemptions.
- Support ecosystem growth, investing in blockchain networks and DAT-related companies.
The goal is to create a cycle of capital, development, and liquidity, where investor funds help grow blockchain ecosystems, which in turn enhance asset value.
Why HashKey Is Betting Big on DAT
For HashKey, DAT is more than just another product—it’s a structural bridge between TradFi and crypto. By applying established financial pricing models to digital assets, HashKey believes DAT could become the next framework for institutional asset management.
The firm’s credibility runs deep:
- Dr. Xiao Feng, HashKey’s chairman, was an early Ethereum investor and has been driving blockchain adoption in Asia for over a decade.
- HashKey has invested in 600+ blockchain firms worldwide, including 400+ linked to Ethereum.
- Its ecosystem spans:
- HashKey Exchange – among the first in Asia to issue crypto spot ETFs in Hong Kong.
- HashKey Cloud – a major blockchain node service provider.
- HashKey Chain – a Layer-2 network that already holds USD 170M+ in assets.
- HK Web3 Festival – Asia’s largest Web3 industry gathering.
This track record gives HashKey a strong foundation to pioneer DAT as a mainstream investment vehicle.
Regulation and the Global Crypto Landscape
HashKey emphasizes that regulation and trust will determine which DAT funds succeed. With Nasdaq tightening oversight on listed firms’ crypto investments, the market is entering a phase where compliance and governance are non-negotiable.
Institutions with strong capabilities in:
- Asset selection
- Risk management
- Ecosystem governance
…are expected to lead the DAT movement as global frameworks mature.
What This Means for Hong Kong and Beyond
HashKey sees its DAT fund as infrastructure-building, not just an investment product. The mission:
- Establish liquidity channels for crypto assets.
- Set standards for institutional participation.
- Position Hong Kong as a global hub for regulated digital asset services.
With traditional capital seeking exposure and crypto markets maturing, HashKey’s DAT fund could serve as a blueprint for bridging old and new finance worldwide.
