Ethereum Treasury Craze Continues: Huobi Founder Named In $1B DAT Firm Launch: Report
The launch of digital asset treasury (DAT) firms has been some of the constant themes of 2025, with institutional gamers exploring new avenues to extend their publicity to cryptocurrencies, together with Bitcoin and Ethereum. In the newest growth, Huobi founder and a few notable Ethereum early-day backers need to launch a $1 billion digital asset car.
Planned ETH Trust In Talks To Acquire Nasdaq-Listed Firm
According to an October 17 report by Bloomberg, Li Lin, founding father of cryptocurrency change Huobi (now often known as HTX) and chairman of funding agency Avenir Capital, and a few of Asia’s earliest Ethereum backers are planning to launch a brand new digital-asset belief that can accumulate ETH tokens. This effort consists of Hashkey Group CEO Xiao Feng, Fenbushi Capital founder Shen Bo, and Meitu Inc. founder Cai Wensheng, as revealed by the individuals aware of the matter.
The digital asset treasury car goals to supply traders regulated publicity to Ethereum and, finally, the bigger cryptocurrency market. While crypto-linked exchange-traded funds (ETFs) have been a big success within the United States, crypto treasury corporations have come on as the newest pathway to institutional adoption of digital property.
The Bloomberg report disclosed that the group behind this belief is at the moment having discussions about buying a Nasdaq-listed shell firm to facilitate the car launch. According to the cited sources, the challenge has already raised a few complete of $1 billion, together with $200 million from Avenir Capital and $500 million from Asian institutional gamers equivalent to Hongshan Capital Group.
With the discussions across the construction of the Ethereum belief nonetheless ongoing, the individuals aware of the matter mentioned the small print of the enterprise might nonetheless change earlier than launch. Meanwhile, an announcement on the treasury launch is anticipated to reach within the coming two to 3 weeks.
Is Ethereum The ‘Treasury King’?
This latest enterprise would characterize one other one within the wealthy record of already-launched and waiting-to-be-launched Ethereum treasury corporations. Joseph Chalom, co-CEO of Sharplink Gaming, just lately called Ether the superior treasury asset in comparison with Bitcoin.
Chalom tied his declare of Ethereum being the higher treasury asset on account of its increased volatility and staking functionality. According to the Sharplink co-CEO, Bitcoin’s relative decrease volatility could be on account of extra cash being held (with out buying and selling) via exchange-traded funds.
According to a latest report, Sharplink Gaming boasts a holding of 840,124 ETH tokens, valued at roughly $3.19 billion on the present market worth.