Hong Kong’s HashKey Group is launching Asia’s largest multi-currency vehicle to bridge traditional finance and crypto markets. The DAT fund targets over $500 million in its first phase, focusing on Bitcoin and Ethereum ecosystem development. Structured as a perpetual vehicle, it offers institutions compliant crypto exposure with ongoing subscriptions and redemptions.
- Perpetual fund structure enables ongoing subscriptions/redemptions while investing in Bitcoin and Ethereum ecosystem development
- Industry experts warn of conflict risks in vertical integration where firms both manage and invest in DAT projects
- Hong Kong's regulatory clarity provides competitive advantage over US markets facing fragmentation and enforcement-focused approach
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