HashKey’s DAT Fund Combines Conventional Finance with On-Chain Assets to Drive Institutional Expansion

HashKey Group, a prominent

financial services provider in Asia, has introduced a $500 million Digital Asset Treasury (DAT) fund, aiming to connect traditional financial systems with blockchain-based assets. The fund is established as an open-ended vehicle, allowing for continuous subscriptions and redemptions, and will primarily concentrate on (BTC) and (ETH) related ventures. HashKey has highlighted its ambition to bring institutional standards to crypto asset management through the implementation of uniform protocols and portfolio diversification, covering custody, payment solutions, and infrastructure services Coindesk [ 1 ]. This fund’s structure is intended to tackle liquidity and operational obstacles faced by corporate treasury departments. According to HashKey CEO Deng Chao, maintaining discipline is fundamental to resilient digital asset management Cointelegraph [ 2 ].

The DAT initiative reflects a rising appetite among institutions for cryptocurrencies, especially as more businesses integrate Bitcoin and Ethereum into their reserve holdings. HashKey’s model seeks to balance exposure between

and to reduce concentration risk. The fund’s initial allocations will focus on Ethereum’s Layer-2 network, HashKey Chain, which currently safeguards $172 million in blockchain assets Invezz [ 3 ]. Designed for a global reach, the DAT fund targets investors in the U.S., Japan, Korea, Southeast Asia, and the UK, supporting a vision of cross-border adoption. By merging established financial principles with blockchain technology, HashKey is pioneering a blended model of venture capital and asset management DeFi Planet [ 4 ].

Current market trends enhance the attractiveness of DATs. By September 2025, the combined treasury holdings of public firms include 1.11 million BTC (valued at $128 billion) and 4.91 million ETH (worth $21.28 billion) Cointelegraph Explained [ 5 ]. Bitcoin continues to serve as the main reserve asset, prized for its liquidity and scarcity, while Ethereum’s staking rewards (ranging from 3% to 5% post-Merge) and smart contract capabilities offer additional opportunities for passive income. Unlike ETFs, HashKey’s DAT fund allows for proactive involvement in ecosystem projects, channeling investments towards infrastructure improvements and tokenized real-world assets (RWAs) HashKey Group [ 6 ].

Regulatory progress in Hong Kong has accelerated HashKey’s growth plans. The company’s partnership with GF Securities to issue the city’s inaugural on-chain tokenized security demonstrates its leadership in blockchain-driven financial innovation. HashKey further stressed the significance of robust governance in DATs, cautioning that treasuries lacking diversification or managed with excessive risk are vulnerable in turbulent markets. Its regulatory-compliant strategy, including collaborations with Bosera Asset Management for tokenized ETFs and Ripple for XRP-based initiatives, underscores a commitment to institutional-level risk protocols Cryptopolitan [ 7 ].

Looking forward, HashKey sees tokenized RWAs and institutional OTC markets as primary engines for expansion. CEO Deng Chao noted that these developments broaden the range of investable assets and enable more scalable capital movement. The DAT fund’s emphasis on Ethereum and Bitcoin aligns with investor demand for assets with established liquidity and regulatory certainty. The company’s long-term strategy also involves leveraging its decade-spanning investments in the Ethereum ecosystem, covering over 600 blockchain projects, to facilitate wider Web3 adoption HashKey Group [ 8 ].