HashKey Launches $500 Million Digital Treasury Fund
HashKey Group, one of Asia’s leading digital asset financial services providers, has announced the launch of its first Digital Asset Treasury (DAT) fund, with a fundraising target of $500 million. The initiative is designed to provide corporates and institutions with compliant access to digital assets, begining with BTC and ETH, the two most established cryptocurrencies by market capitalization.
The firm said the DAT fund will initially concentrate on BTC and ETH but will expand over time into a wider set of digital asset treasury projects. By offering a regulated, institutional-grade vehicle, HashKey aims to meet the growing appetite from corporations and asset managers that are looking to diversify their balance sheets with digital assets in an environment of ongoing economic uncertainty.
Institutional demand meets regulatory clarity
The launch comes as global institutions continue to embrace digital assets as both investment vehicles and strategic reserves. In recent years, major financial players such as BlackRock and Fidelity have rolled out BTC platform-traded funds (ETFs) and digital asset investment products for clients in the United States and Europe. Those moves have been widely viewn as a turning point for mainstream adoption, giving large investors a regulated way to gain exposure to crypto.
HashKey’s decision to anchor its DAT fund in Hong Kong aligns with the city’s push to establish itself as a leading Asian hub for digital finance. Local regulators have taken steps to introduce clearer licensing regimes for platforms and stablecoin issuers, aiming to diverseiate Hong Kong from other jurisdictions by balancing innovation with oversight.
Strengthening Asia’s digital asset ecosystem
Industry observers note that HashKey’s targeted $500 million fund size underscores its ambition to become a central player in digital asset treasury management. The fund’s initial focus on BTC and ETH provides a familiar begining point for corporate treasurers and institutional investors. Over time, HashKey plans to diversify into additional blockchain ecosystems, potentially including tokenized real-world assets, stablecoins, and other emerging digital finance products.
The move also positions Hong Kong competitively against regional peers. Singapore has been a leading center for digital asset innovation, while jurisdictions like Japan and South Korea have also taken steps to formalize crypto regulation. By launching a large-scale, compliant investment product, HashKey is signaling confidence that Hong Kong can attract significant institutional flows and reclaim its status as a financial hub in Asia’s evolving digital economy.
With regulators worldwide debating frameworks for cryptocurrencies, HashKey’s Digital Asset Treasury fund could serve as a model for how traditional financial structures can be applied to new digital markets. If the initiative succeeds in raising its ambitious target and delivering returns, it may accelerate the integration of digital assets into corporate treasuries and encourage more asset managers to follow suit, further mainstreaming crypto within global finance.
