HashKey Crypto Exchange Announces $500 Million Digital Asset Fund
The Hong Kong-based HashKey plans to establish a substantial fund focusing on investments in digital asset treasuries, starting with bitcoin and ether.
Overview
HashKey, a prominent crypto exchange based in Hong Kong, announced plans for a $500 million fund targeting investments in digital asset treasury companies. The fund aims to foster a diversified array of projects related to digital assets, emphasizing mainstream cryptocurrencies like bitcoin and ether.
Key Points:
- HashKey has initiated plans to build a $500 million fund for investments focusing on digital asset treasury projects.
- The exchange’s strategy will initially concentrate on bitcoin (BTC) and ether (ETH), as it aims to standardize the management of crypto assets.
Strategic Goals
The purpose of this fund is to create an institutional link between traditional financial resources and blockchain assets. HashKey’s approach intends to respond to the increasing trend of publicly traded companies accumulating digital assets, inspired by the strategy adopted by entities like Michael Saylor’s firm, which has been acquiring substantial amounts of bitcoin since 2020.
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