HashKey Group has announced plans to launch its first Digital Asset Treasury (DAT) focused fund with an initial target size of $500 million. The Hong Kong-based virtual asset firm said the multi-currency fund would be driven by a strategy that involves public companies accumulating cryptocurrency assets to take advantage of higher token prices and a more relaxed regulatory environment.
The DAT strategy has gained traction globally, mirroring the example of U.S. software company MicroStrategy, which began accumulating bitcoin in 2020 and has since amassed over $63 billion worth of cryptocurrency. According to Standard Chartered, companies following this model now collectively hold nearly 100,000 bitcoins, reflecting growing corporate confidence in digital assets.
HashKey noted that the trend is expanding beyond the United States into markets such as Hong Kong and Japan. By investing in and operating leading DAT projects worldwide, the company said it aims to promote crypto asset standardisation and drive the growth of a sustainable Web3 ecosystem, which is based on decentralised blockchain technology.
The new fund will build a diversified portfolio, focusing initially on Ethereum and Bitcoin ecosystem projects. Since its founding in 2018, HashKey Group has grown into a major player in digital finance, offering services in asset management, brokerage, tokenisation, and running Hong Kong’s largest licensed cryptocurrency exchangeHashKey Group Unveils $500m Digital Asset Treasury Fund to Drive Web3 Growth