Crypto exchange HashKey has announced the creation of a $500 million fund aimed at investing in digital asset treasury companies. As one of Hong Kong’s first licensed exchanges, HashKey plans to develop a diversified portfolio centered on leading cryptocurrencies, with an initial focus on bitcoin (BTC) and ether (ETH).

The company said the fund is designed to act as “an institutional bridge between traditional financial capital and on-chain assets,” by promoting standardized management practices in the crypto space. The move comes as more firms adopt treasury strategies for holding digital assets, a trend popularized by MicroStrategy’s Michael Saylor, whose company now holds over 600,000 BTC.

HashKey’s initiative follows similar moves from other corporations building large reserves of bitcoin and ether. Recent examples include BitMine, a crypto mining company, and SharpLink Gaming, a sports betting firm, both of which have adopted digital asset treasury strategies to align with growing institutional demand for crypto exposure.

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