{"id":48577,"date":"2025-09-09T09:55:00","date_gmt":"2025-09-09T02:55:00","guid":{"rendered":"https:\/\/hbbgroup.net\/hashkey-launches-500m-digital-asset-treasury-fund-in-hong-kong\/"},"modified":"2025-09-09T09:55:00","modified_gmt":"2025-09-09T02:55:00","slug":"hashkey-launches-500m-digital-asset-treasury-fund-in-hong-kong","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/hashkey-launches-500m-digital-asset-treasury-fund-in-hong-kong\/","title":{"rendered":"HashKey launches $500M digital asset treasury fund in Hong Kong"},"content":{"rendered":"<div data-v-43e640e6>\n<p>Hong Kong-based HashKey Group said it launched a $500 million investment fund targeting digital asset treasuries (DATs), initially focusing on exposure to Bitcoin and Ether&#8217;s price performance.<\/p>\n<p>The\u00a0fund\u00a0is structured as a perpetual, institutional-only vehicle allowing regular subscriptions and redemptions, similar to an open-ended crypto hedge fund, HashKey said in a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/hashkey-unveils-dat-strategy-pioneering-the-institutional-bridge-between-tradfi-and-crypto-302548728.html\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.prnewswire.com\/news-releases\/hashkey-unveils-dat-strategy-pioneering-the-institutional-bridge-between-tradfi-and-crypto-302548728.html\">statement<\/a>. Unlike a passive exchange-traded fund (ETF), HashKey\u2019s fund is designed to invest in projects and companies deploying DAT strategies. <\/p>\n<p>The launch comes after Nasdaq announced enhanced scrutiny of listed companies\u2019 crypto holdings on Thursday, a move HashKey framed as signaling a \u201csurvival of the fittest\u201d stage for the industry.<\/p>\n<p>HashKey said the DAT initiative is part of a broader effort to bridge traditional finance and crypto assets.<\/p>\n<p>\u201cCompared with passive ETF products, DAT is more aligned with the around-the-clock, high-volatility nature of the crypto market\u201d the company said. <\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17715136\"><\/template><\/p>\n<p>HashKey has over HK$12 billion ($1.5 billion) in clients\u2019 assets under management, <a href=\"https:\/\/www.linkedin.com\/pulse\/hashkey-group-quarterly-report-q2-2025-hashkey-digital-asset-group-gaqxc\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.linkedin.com\/pulse\/hashkey-group-quarterly-report-q2-2025-hashkey-digital-asset-group-gaqxc\">according<\/a> to its latest quarterly report. <\/p>\n<p>The company also operates licensed exchanges, ETFs and an Ethereum layer-2 chain. In April, HashKey expanded its institutional offerings by launching <a href=\"https:\/\/cointelegraph.com\/news\/hashkey-takes-aim-at-xrp-etf-in-asia-with-new-fund\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/hashkey-takes-aim-at-xrp-etf-in-asia-with-new-fund\">Asia\u2019s first XRP tracker fund<\/a>.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/china-crypto-liquidation-plans-reveal-its-grand-strategy\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/china-crypto-liquidation-plans-reveal-its-grand-strategy\"><em><strong>China\u2019s crypto liquidation plans reveal its grand strategy<\/strong><\/em><\/a><\/p>\n<h2>Hong Kong leads crypto regulation, innovation in China\u00a0<\/h2>\n<p>Hong Kong has moved to position itself as a hub for institutional crypto, giving companies like HashKey a regulatory base to launch large-scale investment products.<\/p>\n<p>In April 2024, <a href=\"https:\/\/cointelegraph.com\/news\/hong-kong-approves-bitcoin-ether-etfs\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/hong-kong-approves-bitcoin-ether-etfs\">the city became the first in Asia<\/a> to approve spot Bitcoin (<a href=\"http:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) and Ether (<a href=\"http:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) ETFs as local regulators clarifying that Ether was not a security, providing a level of certainty that was still absent in the United States at the time.<\/p>\n<p>In June 2025, authorities expanded the framework to allow <a href=\"https:\/\/cointelegraph.com\/news\/hong-kong-second-virtual-asset-policy-statement-crypto-derivatives\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/hong-kong-second-virtual-asset-policy-statement-crypto-derivatives\">crypto derivatives trading<\/a> for professional investors and adjusted tax rules to attract digital asset funds and family offices. The new policies were outlined in Hong Kong\u2019s second virtual asset policy statement.<\/p>\n<p>Also in June, Hong Kong <a href=\"https:\/\/cointelegraph.com\/news\/stablecoin-licensing-tokenization-hong-kong-crypto-policy\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/stablecoin-licensing-tokenization-hong-kong-crypto-policy\">rolled out its LEAP framework<\/a>, paving the way for licensed stablecoin issuance, along with tokenized bonds and broader RWA tokenization to connect digital assets with real-world applications.\u00a0<\/p>\n<p>By July, Hong Kong had completed a third issuance of <a href=\"https:\/\/cointelegraph.com\/news\/hongkong-tokenized-bonds-digital-asset-strategy\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/hongkong-tokenized-bonds-digital-asset-strategy\">tokenized green government bonds<\/a>, signaling an intent to make digital bond issuance a routine feature of public finance.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/UTRgKjIcvck?start=94\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>Against this backdrop of expanding regulation and product launches, Asian family offices have also increased their crypto allocations. A July report found that some allocate up to <a href=\"https:\/\/cointelegraph.com\/news\/wealthy-asian-investors-target-crypto-adoption-broadens\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/wealthy-asian-investors-target-crypto-adoption-broadens\">5% of their portfolios to digital assets<\/a>.<\/p>\n<p>While Hong Kong pushes ahead with ETFs, derivatives and tokenization frameworks, mainland China has focused on its <a href=\"https:\/\/cointelegraph.com\/learn\/articles\/an-overview-of-chinas-digital-yuan\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/learn\/articles\/an-overview-of-chinas-digital-yuan\">state-backed digital yuan<\/a>. Pilots for the digital yuan began in 2020 and have since expanded into public transit, retail payments and <a href=\"https:\/\/cointelegraph.com\/news\/digital-yuan-integration-introduced-to-chinese-business-air-travel\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/digital-yuan-integration-introduced-to-chinese-business-air-travel\">air travel<\/a>.<\/p>\n<h2><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/china-us-crypto-policy-telegram-dark-markets-asia-express\/\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/magazine\/china-us-crypto-policy-telegram-dark-markets-asia-express\/\"><em><strong>China mocks US crypto policies, Telegram\u2019s new dark markets: Asia Express<\/strong><\/em><\/a><\/h2>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>","protected":false},"excerpt":{"rendered":"<p>Hong Kong-based HashKey Group said it launched a $500 million investment fund targeting digital asset treasuries (DATs), initially focusing on [&hellip;]<\/p>","protected":false},"author":1,"featured_media":48578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-48577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/48577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=48577"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/48577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/48578"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=48577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=48577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=48577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}