Crypto exchange HashKey unveiled plans to create a $500 million fund to invest in companies building and managing digital-asset treasuries. The Hong Kong–regulated platform said the vehicle will target a diversified portfolio of treasury projects that focus on mainstream cryptocurrencies, with an initial emphasis on bitcoin and ether.
HashKey described the effort as an attempt to build an institutional bridge between traditional financial capital and on-chain assets by promoting standardized approaches to custody, reporting and asset management for corporate treasuries. The firm framed the fund as a way to professionalize how companies hold and govern crypto on their balance sheets.
The move follows a broader trend of public companies accumulating crypto for their treasuries — a strategy popularized by MicroStrategy, which has amassed more than 600,000 BTC — and more recent examples of firms adopting similar playbooks for ether, including mining and gaming companies. HashKey said the fund aims to provide infrastructure, services and investment capital to entities running on-chain treasury operations.
Why it matters: a dedicated fund could speed the development of custody, compliance and reporting tools tailored to corporate treasuries, potentially lowering barriers for other institutions to hold crypto. Investors and corporates should note risks: treasury strategies expose firms to crypto price volatility, custody and counterparty risk, and increased regulatory scrutiny as exchanges and markets evolve.
Watch for details on the fund’s investment criteria, custody partners and governance standards as HashKey rolls out the initiative.
Source: HashKey. Read the original coverage for full details.