HashKey Launches $500M Crypto Fund

[umair]

HashKey Group, a Hong Kong-based digital asset financial services provider, has announced the launch of a $500 million Digital Asset Treasury (DAT) fund. The goal is to create Asia’s largest institutional bridge to cryptocurrency, connecting traditional finance with the rapidly growing crypto ecosystem.

The fund focuses primarily on Bitcoin and Ethereum, offering institutional investors a structured vehicle for exposure to major digital assets. Unlike passive investment products, the DAT fund is a perpetual vehicle, allowing for ongoing subscriptions and redemptions. This design aims to meet the liquidity needs of institutional players while supporting the sustainable growth of the Web3 sector.

HashKey plans to build a diversified portfolio of projects and invest in DAT-related companies globally. By doing so, the company hopes to create a “flywheel” effect that drives ecosystem applications, market value growth, and liquidity exits. This combination of capital investment and active ecosystem participation sets the fund apart from traditional crypto products.

The company has a strong history in the Ethereum ecosystem, having invested in over 600 blockchain projects, including more than 400 connected to Ethereum. HashKey also developed its own infrastructure, HashKey Chain, an Ethereum Layer-2 platform that currently secures over $170 million in on-chain assets.

With this fund, HashKey is not only providing a new channel for institutional investment but also promoting global adoption and compliance within the blockchain space. Their approach could set a precedent for institutional involvement in digital assets across Asia, bridging the gap between conventional finance and emerging crypto technologies.

This move highlights the growing interest of large financial players in cryptocurrency and demonstrates how traditional finance and blockchain can work together to support innovation and sustainable growth.