Post by : Monika
Photo: Reuters
HashKey Group, one of the largest licensed cryptocurrency exchanges in Hong Kong, announced the launch of a Digital Asset Treasury (DAT) fund worth $500 million. This fund is designed to help public companies invest in and safely hold digital currencies like Bitcoin and Ethereum.
Many companies around the world are starting to use cryptocurrencies as part of their corporate treasury. The new HashKey fund aims to provide a structured, professional, and safer way for these companies to do so.
Why the Fund Matters
Over the past few years, cryptocurrencies have gained popularity among large companies. Some U.S. companies have invested billions in Bitcoin and other digital assets. These investments are often made to protect cash reserves, gain from potential price increases, and diversify corporate holdings.
For example, one software company famously started buying Bitcoin in 2020 and now holds more than $63 billion worth of crypto. Seeing such success, other businesses are interested in investing in digital currencies too. HashKey’s new fund provides a managed, professional approach to do this safely.
What HashKey Wants to Achieve
HashKey’s DAT fund focuses on two main goals:
Helping companies safely grow their digital currency holdings – The fund manages investments in Bitcoin and Ethereum, reducing risks for participating companies.
Promoting industry standards – By offering professional management and transparent rules, HashKey encourages the safe development of digital assets and Web3 projects.
Web3 refers to the next generation of the internet based on blockchain technology. It is more decentralized, secure, and transparent than the current web. HashKey believes that their DAT fund will support the growth of this new digital ecosystem.
How the DAT Fund Works
DAT stands for Digital Asset Treasury. Essentially, companies can use it like a corporate savings account, but instead of just holding cash, they hold cryptocurrencies. The fund provides:
Expert management – Professionals monitor investments and handle risks.
Diversification – Companies hold multiple digital assets to reduce exposure to one currency’s price fluctuations.
Safe access – Reduces the technical challenges of managing crypto internally.
Companies can participate without having to hire their own crypto teams or worry about security breaches.
.Why Companies Are Interested in Crypto
Why Hong Kong?
Understanding Web3
HashKey’s DAT fund will not only hold Bitcoin and Ethereum but also invest in high-quality projects that support Web3, helping to build a more secure and decentralized digital economy.
. Who Can Use the Fund?
Benefits for Companies
The fund offers several advantages:
Examples of Use Cases
Scenario 1: A tech company wants to invest in Bitcoin but lacks expertise. By joining the DAT fund, it gains access to professional management.
Scenario 2: A financial institution wants to offer crypto exposure to its clients. By investing in the fund, it can do so without directly holding large amounts of crypto itself.
Scenario 3: A Web3 startup wants to access capital and support for its projects. The fund can help by investing in projects that meet strict standards.
How the Fund Supports the Digital Economy
Risks and Challenges
Importance for Hong Kong
By launching this fund, HashKey reinforces Hong Kong’s position as a leading hub for cryptocurrency and blockchain innovation.
Topic What It Means
HashKey Digital Asset Treasury fund
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