HashKey Bridges TradFi and Crypto with $500M DAT Fund

HashKey Group, a prominent digital asset financial services group based in Asia, has announced the launch of a $500 million Digital Asset Treasury (DAT) fund, primarily focused on investments in projects related to Bitcoin and Ethereum. This initiative is positioned as a strategic move to establish an institutional bridge between traditional finance and on-chain assets, emphasizing a standardized approach to managing crypto assets. The fund is structured as a perpetual, open-ended vehicle, offering regular subscription and redemption features similar to a crypto hedge fund, distinct from passive ETFs [1].

The fund is designed to operate under a long-term investment horizon, aligning with the liquidity and operational goals of DAT projects. HashKey plans to construct a diversified portfolio by investing in various DAT initiatives, with an initial focus on Ethereum and Bitcoin ecosystem projects. The group aims to leverage its existing infrastructure and industry relationships to support core public chain ecosystems, particularly Ethereum, fostering the commercialization of related projects and driving the Web3 ecosystem’s sustainable growth [1].

The DAT model introduces a structured approach to capital investment in digital assets, facilitating a positive cycle of ecosystem application, market value capture, and liquidity exit. HashKey’s strategy is not only to serve as an investment vehicle but also to actively engage in the operations of DAT companies and broader industry ecosystems. This dual approach allows for a comprehensive integration of capital investment and ecosystem development, marking a novel perspective in the DAT space [1].

The launch of the fund follows a period of increased regulatory scrutiny in the crypto sector. Nasdaq’s announcement on September 4, 2025, regarding enhanced scrutiny of listed companies' crypto holdings underscores the evolving regulatory landscape and the transition of the market into a “survival of the fittest” phase. In response, HashKey emphasizes its commitment to compliance and institutional trust, asserting that only those institutions with strong capabilities in asset identification, structural design, and risk management will succeed in the next stage of DAT development [2].

As the market continues to evolve, HashKey’s DAT fund is viewed as a significant step in institutionalizing digital assets. The company has been instrumental in promoting blockchain technology and digital asset adoption over the past decade. HashKey Capital has invested in over 600 global blockchain and crypto companies, including more than 400 Ethereum ecosystem projects. Additionally, HashKey Exchange is a major player in the digital asset space, having launched Asia’s first digital asset spot ETFs listed on the Hong Kong Stock Exchange [1].

With the regulatory environment in Hong Kong becoming increasingly accommodating for digital assets, HashKey’s DAT fund benefits from the city’s progressive stance on crypto innovation. Hong Kong has been proactive in establishing clear regulatory frameworks, including the approval of spot Bitcoin and Ether ETFs and the introduction of the LEAP framework to facilitate licensed stablecoin issuance. These developments have attracted increased participation from Asian family offices and institutional investors in the digital asset space [2].

The DAT fund represents a strategic continuation of HashKey’s long-term vision to bridge traditional financial capital with on-chain assets. The company aims to leverage its global network and expertise to shape the next phase of digital asset infrastructure evolution. By focusing on structured investment and ecosystem development, HashKey is positioned to play a pivotal role in the maturing digital asset landscape, contributing to the broader adoption of blockchain technology and digital assets on a global scale [1].

Source:

[1] HashKey Unveils DAT Strategy: Pioneering the Institutional Bridge Between TradFi and Crypto (https://group.hashkey.com/en/newsroom/hashkey-unveils-dat-strategy-pioneering-the-institutional-bridge-between-tradfi-and-crypto)

[2] HashKey launches $500M Digital Asset Treasury fund in ... (https://cointelegraph.com/news/hong-kong-hashkey-digital-asset-treasury-model-fund)

[3] Crypto Exchange HashKey Plans $500M Digital Asset ... (https://www.coindesk.com/business/2025/09/08/crypto-exchange-hashkey-plans-usd500m-digital-asset-treasury-fund)