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Hong Kong crypto exchange HashKey to launch $500 million digital treasury fund
HashKey Group will launch its inaugural Digital Asset Treasury (DAT) focused fund with an initial target size of $500 million, Hong Kong's largest licensed crypto exchange said on Monday. The multi-currency fund's DAT strategy refers to public companies accumulating cryptocurrency assets to capitalise on higher token prices and a softening regulatory environment. The strategy's popularity surged this year as many companies seek to replicate the success of U.S.-based Strategy, a software company that began accumulating bitcoin in 2020 and holds more than $63 billion in cryptocurrency as of June. Strategy copycats have ... (full story)
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