The Crypto Exchange Hashkey has opened plans to generate a $ 500 million funds for investments in Treasury’s digital asset companies.
Hashkey, one of the first regulated crypto exchanges in Hong Kong, said it would build a different portfolio of digital asset projects dedicated to major cryptocurrencies. It first focuses on bitcoin and Ether (Et), It said in a announcement on Monday.
The purpose of the fund is to “build an institutional bridge between the traditional financial capital and on-chain assets,” by establishing a standard approach to the management of crypto assets, Hashkey said.
Hashkey appears to be responding to the proliferation of listed public companies building wealth of crypto tokens, copying Michael Saylor’s approach (Mstr)who has gained bitcoin since 2020 and Now hold -up to more than 600,000 BTC.
The approach was copied by various other companies that get a large number of BTC and more recent companies that adopted a similar procedure for etherlike crypto miner bitmine (BMNR) and sports betting firm Sharpink Gaming (SBET).
Read more: Crypto Treasury names were still beaten while NASDAQ reported scrutiny
