HashKey Group ("HashKey"), Asia's leading digital asset financial services group, announced its comprehensive investment in the DAT (Digital Asset Treasury) market and plans to launch Asia's largest multi-currency DAT ecosystem fund globally. By launching, investing in, and operating outstanding DAT projects globally, HashKey aims to promote more standardized crypto asset management and the prosperity of the Web3 industry.
This fund focuses on digital asset treasury (DAT) strategies. Uniquely, it is a long-term fund aligned with DAT's long-term operational objectives and liquidity, allowing for regular subscription and redemption. HashKey will launch and invest in a basket of DAT projects focused on mainstream crypto assets to build a diversified portfolio. The initial phase will focus on launching and participating in DAT projects in the ETH and BTC ecosystems, aiming to build an institutionalized liquidity bridge connecting traditional financial capital with on-chain assets. The initial fundraising is expected to exceed US$500 million.
DAT Fund Mechanism and Ecological Value
Through its new DAT model, HashKey not only provides institutional investors with compliant and efficient asset participation channels and potential investment returns, but also leverages funds and industry resources to support the ecosystems of core public chains like Ethereum, driving the commercialization of ecosystem projects. In addition to fund investments, HashKey will also be deeply involved in the operations of DAT companies themselves and the development of the industry ecosystem. This will form a positive flywheel of capital investment, ecosystem applications, market capitalization capture, and liquidity exits. This marks the first time in the market that a DAT initiative has been developed from the perspectives of industry investment and ecosystem development.
Industry Background and DAT Opportunities
HashKey believes that DAT is not a short-term narrative trend, but a structural window with institutional significance.
Amid the ongoing convergence of traditional global financial markets and crypto assets, DATs are becoming a core focus of the capital market. Compared to passive ETFs, DATs are more closely aligned with the ever-changing, high volatility of the crypto market. Based on the price discovery logic of traditional financial markets and the on-chain asset structure, they are becoming a carrier mechanism for a new generation of asset classes. They are not only a new interface for traditional capital to understand the Web3 world, but also a key path for the on-chain ecosystem to achieve compliance and globalization.
HashKey's layout of DAT is a continuation of its own business strategy and an initiative to continuously empower the industry.
As Asia's leading digital asset financial services group with a global presence, HashKey has been deeply involved in the Ethereum ecosystem for a decade, continuously supporting its development and growth. Dr. Xiao Feng, Chairman of the Group, was an early investor in Ethereum and one of the first pioneers in Asia to advance the blockchain ecosystem.
After a decade of deep industry experience, HashKey has become one of the earliest institutions to deeply invest in the Web3 ecosystem. Its subsidiary, HashKey Capital, has over 600 global portfolio companies in the blockchain and crypto space, including over 400 Ethereum ecosystem projects. It is also one of the first issuers of digital asset spot ETFs in Asia to be listed on the Hong Kong Stock Exchange. HashKey Cloud, one of Asia's largest node service providers, has long provided node services for Ethereum. Eight months after its launch, HashKey Chain, Ethereum's second-layer public blockchain, has already achieved $172.66 million in on-chain assets and has established long-term, stable partnerships with numerous global financial institutions. HashKey's annual HK Web3 Festival has become one of Asia's largest industry conferences, demonstrating its strong community building and operational capabilities.
Regulatory Trends and Outlook
As global regulations become increasingly clear, DATs are transitioning from a broad-based approach to a standardized screening process. Nasdaq's tightened scrutiny of crypto investments by publicly listed companies on September 4, 2025, signals the market is entering a phase of "eliminating the inferior and retaining the superior."
HashKey always adheres to compliance as a prerequisite and trust as its foundation. Only institutions with the ability to identify assets, design structures, manage risks, and govern ecosystems will be able to gain an advantage in the next phase of DAT.
Future Vision
Going further, not faster, into the future. HashKey isn't just launching a fund; it's building an institutional bridge. From assets to standards, from Hong Kong to the world, from capital entry to ecosystem flows, HashKey will participate in and drive the next stage of the evolution of digital asset infrastructure with a long-term perspective.
About HashKey Group
HashKey Group is a leading Asian digital asset financial services group with a global presence. Since 2018, HashKey Group has built a global Web3 ecosystem spanning Hong Kong, Singapore, Japan, Bermuda, and other locations within a high-compliance regulatory framework. These include HashKey Exchange, Hong Kong's largest* licensed virtual asset exchange; HashKey Global, its flagship virtual asset exchange; HashKey Capital, a global asset management firm focused on investing in blockchain technology and digital assets; HashKey OTC, a provider of compliant digital asset over-the-counter trading services; HashKey Cloud, a world-leading Web3 infrastructure provider; and HashKey Tokenisation, a tokenization service provider. HashKey Group also boasts a rich on-chain ecosystem, having developed the Ethereum L2 HashKey Chain and launched HashKey's ecosystem token, HSK. HashKey Group will continue to promote the large-scale application of blockchain technology in various sectors, providing trusted and accessible digital asset services to billions of users worldwide.
