Author: Martin

At the recent TOKEN2049 Global On-Chain Asset Summit, Dr. Xiao Feng, Chairman and CEO of HashKey Group, officially launched the DAT (Digital Asset Treasury) fund strategy, comparing its significance to the introduction of ETFs in the 1990s, calling it the "ETF moment of the Crypto era."

This viewpoint was already presented by Xiao Feng at the Bitcoin Asia Conference in Hong Kong at the end of August this year, where the title of his speech directly highlighted the core idea: "ETFs are good! DATs are better!" In his view, the DAT model is likely to become the best way for crypto assets to transition from on-chain to off-chain and connect with traditional financial markets.

Why is DAT more advantageous than ETF?

Xiao Feng pointed out that the biggest difference between DAT and ETF lies in their valuation methods: ETFs use net asset value, while DAT uses market value. This difference gives DAT better price elasticity and provides investors with a richer structured operational space.

Another core advantage of DAT is liquidity. The subscription and redemption of ETFs require the participation of multiple intermediaries, which can take 1-2 days, while DAT, based on distributed ledger technology, can achieve asset conversion in minutes.

DAT also comes with a downside protection mechanism. When the price of DAT falls below the net value of its held crypto assets, it effectively provides investors with an opportunity to buy crypto assets at a discount. This discount effect will attract buying interest and quickly eliminate price discrepancies.

DAT is becoming a new engine for the crypto market

DAT is not just a theoretical concept; it is already playing a role in the actual market. Since the beginning of this year, the DAT strategy has become a new engine for mainstream altcoins, bringing significant buying capital to assets like ETH and SOL.

For example, in the case of Ethereum, two listed companies—BitMine and Sharplink Gaming—have held more ETH through the DAT strategy than the Ethereum Foundation, reversing the downward trend of ETH prices. Similar strategies have also expanded to assets like SOL and BNB, driving price increases.

DAT strategy officially launched, promising future ahead

Xiao Feng emphasized that HashKey Group will rely on exchanges and blockchain infrastructure to bring the DAT strategy from concept to reality. The group plans to launch Asia's largest multi-currency DAT ecological fund in the global market, promoting standardized management of crypto assets and the prosperity of the Web3 industry through initiating, investing in, and operating excellent DAT projects.

The innovation of financial instruments always opens up new possibilities. Just as ETFs once revolutionized traditional asset allocation methods, DAT is expected to become a highly growth-oriented investment tool in the next 3 to 10 years, bringing new development momentum to the crypto market.

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