HashKey Capital Launches $500 Million Digital Asset Treasury Fund to Support Corporate Bitcoin Strategy
Corporate crypto treasuries with long-term strategies will survive any market conditions if properly managed, according to HashKey Capital CEO Deng Chao. Cointelegraph reports that Chao argued digital asset treasuries are sustainable but require proper risk frameworks and diversification. HashKey recently launched a $500 million Digital Asset Treasury fund in Hong Kong targeting Bitcoin and Ethereum-based corporate treasuries.
The fund will actively deploy capital across onchain infrastructure, custody services, and ecosystem development. HashKey designed the vehicle to serve institutions seeking operational use of digital assets rather than simple holding strategies. Chao explained that resilience comes from discipline and that digital assets themselves are not inherently unsustainable.
The Hong Kong-based fund targets international markets including the United States, Japan, Korea, Southeast Asia, and the United Kingdom. Chao confirmed the investment thesis remains global from day one of operations.
Treasury Adoption Addresses Critical Corporate Finance Challenges
Corporate Bitcoin adoption has accelerated significantly as companies seek alternatives to traditional cash reserves. CTMfile reports that the number of Bitcoin in corporate treasuries grew 31% in 2024, reaching 998,374 BTC. New US Financial Accounting Standards Board guidelines allow companies to report crypto holdings at fair market value.
We recently reported that Metaplanet became Asia's largest corporate Bitcoin holder after purchasing 330 Bitcoin worth $28.2 million in April 2025. The Japanese firm's total holdings reached 4,855 Bitcoin worth approximately $414 million, demonstrating strong institutional momentum in the region.
BlackRock's iShares Bitcoin Trust achieved over $50 billion in assets during its record-breaking debut year in 2024. The institutional embrace through spot Bitcoin ETFs has provided regulated entry points for corporate treasuries considering digital asset allocation.
Global Markets See Growing Integration of Digital Assets in Corporate Finance
The corporate treasury landscape has expanded beyond Bitcoin to include Ethereum and other cryptocurrencies as strategic reserve assets. Skadden reports that analysts at Bernstein Private Wealth Management project public companies globally could allocate $330 billion to Bitcoin over the next five years, compared to $80 billion today.
According to Crypto.com research, over 90 public companies globally now hold Bitcoin on their balance sheets as of April 2025. The United States leads in both corporate and government adoption, with companies dominating two-thirds of organizational Bitcoin reserves.
HashKey's distinction between Digital Asset Treasuries and ETFs addresses different institutional needs. While ETFs provide simple exposure for mainstream investors, DATs embed crypto into long-term operational strategies. Public companies currently hold 1,111,225 Bitcoin worth $128 billion on their balance sheets according to BitcoinTreasuries.NET data.
The convergence of regulatory clarity, improved custody solutions, and institutional-grade infrastructure has reduced barriers to corporate adoption. Real-world asset tokenization has expanded to $24 billion by mid-2025, enabling fractional ownership of traditionally illiquid assets through blockchain platforms.
