Quick Takeaways:
- Crypto treasuries help companies use digital assets for real, long-term value.
- Unlike ETFs, they’re designed for operational use, not just passive holding.
- HashKey’s $500M fund gives institutions a safer, more strategic way to be in crypto.
Crypto Treasuries Are About Strategy Not Speculation
If you’re a company watching the crypto world from the sidelines, you’re not alone. For years, digital assets like Bitcoin and Ethereum have looked exciting, but also risky, volatile, and hard to work into a real business strategy.
But what if there was a better way?
That’s exactly what crypto treasuries offer: a structured, long-term approach to using crypto, not chasing it.
Instead of making quick bets or responding to market hype, crypto treasuries allow companies to treat digital assets the same way they might treat cash, commodities, or foreign currencies: as part of a well-managed, diversified treasury.
Deng Chao, CEO of HashKey Capital, puts it simply:
“Crypto isn’t the problem, the problem is how companies manage it.” And he’s right. Plenty of businesses got into crypto for the wrong reasons.
But the ones thinking long-term? They’re still standing, and they’re building real value. That’s why HashKey launched a $500 million fund: to help companies take a more stable, structured approach to holding and using digital assets like BTC and ETH.
What Makes Crypto Treasuries Different from ETFs?
If you’re wondering whether crypto treasuries are just another kind of ETF, here’s the difference.
ETFs are great for passive exposure.
You want some Bitcoin in your portfolio, but you don’t want to deal with wallets, custody, or private keys? A spot ETF is perfect for that.
But crypto treasuries are for companies that want more than exposure; they want utility. They want to use digital assets as part of their operations, not just store them in a vault.
Think about payroll, payment, staking, collateral, or investment in the Crypto infrastructure.
That’s why HashKey’s fund was built differently. It gives institutions the ability to come in and out when needed, and it spreads investment across both Bitcoin and Ethereum to reduce risk.
Plus, it backs projects in key areas like custody, payments, and stablecoin tech things which make it easier for companies to actually use the assets they’re holding.
Solving the Real-World Pain Points of Corporate Crypto
Let’s be honest, most companies don’t avoid crypto because they aren’t interested. They avoid it because it seems complicated.
How do you store it safely? What happens if the price crashes? How do you explain it to your CFO or your auditors?
That’s the beauty of modern crypto treasuries. They’re being built with these concerns in mind.
HashKey’s fund, for example, is more than just an investment vehicle. It’s designed to solve real-world problems:
- Liquidity — so companies can move in and out of positions without headaches
- Security — through advanced custody and compliance systems
- Diversification — to manage volatility and reduce overexposure
- Infrastructure — to support actual use, not just holding
In short, it’s crypto but built for how companies actually operate.
Why Traditional Finance Still Hesitates, and What Needs to Change
Despite all the innovation happening in the crypto space, traditional finance still isn’t all-in. And you can’t blame them.
Crypto has a reputation. Speculation. Hacks. Unclear regulation. Headlines that make CFOs squirm.
But Deng Chao believes a lot of the fear is based on outdated assumptions. In his view, most concerns around crypto treasuries are less about risk and more about perception.
“These aren’t just misunderstandings,” he says. “They’re holding companies back.”
Still, that’s changing slowly but surely. As regulation improves, custody solutions mature, and more real-world assets get tokenized, companies are beginning to look again.
This time, they’re asking smarter questions. They’re looking for structure, strategy, and support, not just hype.
The Future of Crypto Treasuries Is Global, and It’s Already Happening
While HashKey’s fund launched in Hong Kong, it’s not staying local. The plan is global from day one, with expansion into the US, UK, Japan, South Korea, and Southeast Asia already in motion.
And that makes sense. The problems companies face with crypto regulation, infrastructure, and clarity are global. But the solutions, especially when it comes to crypto treasuries, are starting to scale.
As the crypto space continues to mature, treasuries won’t just be part of it; they’ll be one of the key drivers of adoption. Why? Because companies need a way to participate that’s safe, strategic, and sustainable. Crypto treasuries offer exactly that.
