HashKey Group has launched a Digital Asset Treasury (DAT) fund, positioning itself at the centre of Asia’s growing institutional demand for blockchain-based investment vehicles.
Unlike traditional crypto investment products, the fund is structured as a perpetual vehicle, allowing ongoing subscriptions and redemptions. The initial focus will be on Bitcoin (BTC) and Ethereum (ETH), with a goal of raising more than $500 million in its first phase.
By directly investing in DAT projects, HashKey is aiming to bridge traditional finance with on-chain ecosystems and strengthen blockchain adoption through institutional channels.
📢 HashKey Group Unveils #DAT Strategy: Pioneering the Institutional Bridge Between #TradFi and Crypto
🌐 Launching Asia’s largest multi-currency Digital Asset Treasury (DAT) fund — targeting >$500M, focusing on mainstream crypto assets with an initial focus on $ETH and $BTC
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HashKey digital asset treasury structure with multi-currency access
The DAT fund is structured as a perpetual model, meaning investors can enter and exit without being tied to limited cycles. This design offers flexibility for institutions seeking exposure to cryptocurrencies while maintaining liquidity.
The fund will support multi-currency operations, making it one of the largest of its kind in Asia.
HashKey is prioritising a diversified portfolio, initially centred on Bitcoin and Ethereum, which remain the leading digital assets in terms of liquidity and institutional recognition.
The company’s model aims to create a regulated path for institutional investors while also actively operating certain projects that the fund supports.
Institutional adoption and blockchain ecosystem growth
HashKey’s new fund is not only about providing access to crypto investments but also about strengthening blockchain ecosystems.
By backing DAT-focused projects, the firm seeks to create what it describes as a flywheel effect of capital allocation, ecosystem application, market value capture, and liquidity exit.
This dual strategy integrates financial investment with ecosystem development, positioning the DAT fund as a hybrid model between venture investment and asset management.
This approach follows growing interest among institutions in Asia seeking regulated exposure to cryptocurrencies.
Hong Kong, in particular, has emerged as a key hub for digital asset innovation and regulatory frameworks, offering companies like HashKey a platform to scale institutional products.
HashKey’s broader digital asset expansion in Hong Kong
The launch of the DAT fund comes after a series of developments by HashKey in 2024 aimed at cementing its role in the digital asset sector. In June, HashKey Chain partnered with GF Securities Hong Kong to issue GF Token, marking the first fully on-chain tokenised security in the city.
This milestone signalled Hong Kong’s openness to blockchain-based securities and highlighted HashKey’s role in pioneering regulated crypto infrastructure.
By combining its DAT strategy with tokenised securities, HashKey is positioning itself as a central player in the integration of traditional and digital financial systems.
The company’s actions align with Hong Kong’s wider ambition to position itself as a global centre for virtual asset services, particularly at a time when institutional investors are increasingly cautious about unregulated markets.
The role of digital asset treasury funds in Asia
HashKey’s move to target $500 million underscores the scale of institutional demand in Asia for structured exposure to cryptocurrencies. Digital Asset Treasury funds like this differ from traditional crypto funds by taking a more direct role in ecosystem participation.
By investing and operating projects, such funds can influence the adoption curve of blockchain technology while providing institutional investors with a secure entry point.
The emphasis on Ethereum and Bitcoin at the initial stage also reflects investor preference for assets with established track records and regulatory clarity.
Over time, the DAT fund is expected to expand into broader blockchain applications, building on the momentum of its multi-currency structure.
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