How Hong Kong Firms Are Redefining Corporate Treasury with ETH, BNB, and SOL
Hong Kong corporations are actually shopping for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) as strategic reserves, making digital belongings a core a part of their steadiness sheets.
This method, typically referred to as “coin-equity linkage,” displays the town’s rising adoption of Digital Asset Treasury (DAT) fashions.
Expanding Beyond Bitcoin: Hong Kong Firms Add ETH, BNB, and Solana
New Huo Technology, led by Huobi founder Li Lin, announced a $500 million “coin hoarding” plan that features accumulating Ethereum, Binance Coin, and Solana as strategic reserves. The transfer reveals how Hong Kong firms are broadening DAT fashions past Bitcoin.
YZi Labs, a household workplace affiliated with Binance founder Changpeng Zhao, can be backing a $1 billion BNB-focused car, showing how Chinese crypto leaders are fueling this growth.
Moreover, Alibaba-backed Yunfeng Financial disclosed a $44 million buy of 10,000 Ether, funded with inside money and recorded as an funding asset. Caixin reported that Yunfeng sees the allocation as each a hedge in opposition to fiat danger and a step towards integrating Web3 into conventional finance.
DAT Infrastructure and Market Players
The DAT mannequin mirrors the strategy pioneered by MicroStrategy, which started shopping for Bitcoin in 2020. Its “flywheel” cycle — elevating debt or fairness, buying tokens, and benefiting from larger share valuations — has influenced Asian markets.
In Hong Kong, the Digital Asset Listed Companies Association launched in August with 49 members, together with Boyaa Interactive and Huajian Medical. Member holdings stay below $2 billion, however most plan to increase. HashKey Group also introduced a $500 million DAT fund concentrating on Bitcoin- and Ethereum-based initiatives.
Executives say Ethereum and Solana could provide stronger upside than Bitcoin due to smaller company reserves. Bitmine at present leads with 1.87 million ETH, whereas Solana allocations are rising as new entrants check broader baskets of digital belongings.
At a Hong Kong occasion, Binance’s Zhao mentioned DAT constructions let firms, together with state-linked enterprises, achieve oblique publicity with out breaching restrictions on direct token possession.
Nevertheless, analysts warn that coin-equity linkage is dependent upon sustained token rallies. Japan’s Metaplanet surged after large Bitcoin purchases but later fell greater than 50% regardless of saying plans to lift ¥555 billion ($3.8 billion).
Meanwhile, Hong Kong regulators stay cautious. The Hong Kong Monetary Authority confirmed its stablecoin licensing framework took impact on August 1. Issuers should maintain HK$25 million in capital, segregate reserves, and comply with AML guidelines.
Only a number of licenses will probably be issued initially, although 77 establishments — together with HSBC and ICBC (Asia) — have expressed intent to use.
“If e-CNY and Hong Kong’s stablecoin legislation mix, it might unlock higher alternatives for the yuan’s worldwide progress,” HSBC’s Liu Jing mentioned, in line with iNews.
The publish How Hong Kong Firms Are Redefining Corporate Treasury with ETH, BNB, and SOL appeared first on BeInCrypto.
