HashKey Group, a digital asset financial services company based in Asia, has announced plans to launch what it says will be the region’s largest multi-currency Digital Asset Treasury (DAT) ecosystem fund for global investors.
The fund will focus on DAT strategies and operate as a perpetual vehicle, allowing for regular subscriptions and redemptions.
It aims to build a diversified portfolio of projects centred on mainstream crypto assets, initially prioritising initiatives in the Ethereum (ETH) and Bitcoin (BTC) ecosystems.
The first fundraising phase targets more than US$500 million.
HashKey said the fund is intended to create a bridge between traditional financial capital and on-chain assets.
Beyond investments, the group will also take part in the operations of DAT companies and support broader industry development.
The model is designed to link capital investment, ecosystem growth, and liquidity opportunities.
DAT is emerging as a focus for capital markets as traditional finance and crypto assets converge.
Unlike exchange-traded funds (ETFs), DAT is structured to align with the 24-hour nature and volatility of the crypto market.
It combines traditional price discovery with blockchain-based assets, positioning it as a potential framework for the next stage of asset development and regulation.
HashKey has been active in the Ethereum ecosystem for a decade.
Its chairman, Dr Xiaofeng, was an early investor in Ethereum and has been involved in blockchain adoption in Asia.
Over the years, HashKey Capital has invested in more than 600 blockchain and crypto companies globally, including over 400 linked to Ethereum.
The group also operates HashKey Exchange, one of the first issuers of digital asset spot ETFs on the Hong Kong Stock Exchange, and HashKey Cloud, a major provider of Ethereum node services in Asia.
In addition, its Ethereum Layer-2 chain, HashKey Chain, launched eight months ago, now holds total on-chain assets worth US$172.66 million and has partnerships with several global financial institutions.
HashKey also organises the HK Web3 Festival, which has grown into a major industry summit in Asia.
The company said it will continue to prioritise compliance and risk management as regulation becomes clearer worldwide.
Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik
