Hashkey Group, the exchanging of Cryptocurrencies with the greatest license with Hong Kong, announced its first Treasury Digital Association (DAT) background.
The fund is directed at $ 500 million and will support Bitcoin and Ethereum projects while supporting global adoption initiatives.
Hong Kong formalizes his cryptographic presence
Hashkey’s movement indicates Hong Kong’s intention to formalize his role in financing digital assets. Although cryptographic markets remain volatile, institutional funds such as this are considered attempts to introduce structured approaches for exposure to Token. By pursuing a diversified portfolio of DAT projects, Hashkey intends to align with broader developments in web infrastructure.
Sponsored
Sponsored
The DAT model refers to companies or funds that add cryptocurrencies to their balances. This reflects the pioneer strategy for the software firm strategy that is quoted in the United States, previously Microstrategy, which began buying Bitcoin in 2020. It is now the world’s largest corporate head with more than $ 63 billion in cryptocurrencies. Its success influenced other companies, with a standard estimate estimating that almost 100,000 bitcoins are in the hands of similar entities.
Hong Kong Variable Rent markets are witnessing an increase in the “cryptographic link.” The companies listed accumulate cryptocurrencies, and their actions of shares move with the tokens markets. This practice is well known in the US, where the actions of the strategy follow the price of Bitcoin. The trend is now drawing attention in Asia.
Companies that quote in Hong Kong, including Boyaa Interactive and Huajian Medical, have revealed important cryptographic purchases. The Association of Companies of the digital assets of Hong Kong, established at the end of August, already has 49 members with a combined market capitalization of approximately $ 20 billion. Many members plan to expand their tokens holdings in the coming months.
Executives say the model provides indirect exposure for companies that cannot keep tokens directly. In the recent Hong Kong events attended by leading industry figures, the founder of Binance, Changpeng Zhao (CZ) described the DAT structures as a way for the traded companies and companies linked to the State to participate without violating restrictions on the direct property of digital assets.
Some high profile movements illustrate enthusiasm. Yunfeng Capital, linked to Jack Ma, has committed more than $ 40 million to Ethereum. The new fire technology, associated with the founder of Huobi, Li Lin, announced an “coin hoarding” initiative of $ 500 million, highlighting the planned investment scale. The family office linked to Binance Yzi Labs has also begun to sow funds focused on the accumulation of Binance coins.
However, warning examples highlight the potential risks. The Metaplanet of Japan, which became the sixth world owner of Bitcoin, saw that the price of its shares fell sharply this summer after an initial increase. Analysts warn that companies that depend on the issuance of debt or capital to finance tokens purchases run the risk of being exposed when cryptocurrency prices decrease, a cycle sometimes described as the “effect of the steering wheel”.
Industry professionals point out that, although Hong Kong offers an attractive place for the creation of networks and the collection of funds, the United States remains the preferred market for large -scale execution. The flexibility of US financing tools such as Pipe (private investment in public capital) and ATM offers (in the market) allows quoted companies to collect capital more efficiently than the regulatory frame permits of Hong Kong.
Hong Kong’s role in global digital asset finances
Hong Kong’s positioning reflects his effort to serve as a bridge between traditional finances and digital assets. Although the asset scale directly held by the companies that are quoted in Hong Kong is still less than $ 2 billion, both institutional funds and companies that quote on the stock market seem committed to expanding participation.
The introduction of the DAT Fund of $ 500 million hashkey represents one of the most structured movements in Asia by a license entity. At the same time, the propagation of the cryptographic link shows how listed companies are experiencing with new treasure strategies. If these approaches are sustainable, they will depend on the regulatory conditions, the appetite of the capital market and the resistance of the cryptographic cycle.
