Digital Asset Treasury (DAT) Report, Volume 2: How to Build One and How to Invest in One

A Digital Asset Treasury (DAT) is a type of publicly listed company whose core strategy is to hold digital assets. In Part 1 of this series, we introduced DAT’s basic concept, operating model, and defining features. This second installment addresses two questions:
From an operator’s perspective, how do you build a DAT?
From an investor’s perspective, how do you select high-quality DAT companies?
HashKey Global Launches One of First USD-Margined BTC Perpetual Futures, Reducing Costs for Regulated Trading

Bermuda, Nov. 12, 2025 — HashKey Global, a leading regulated cryptocurrency exchange, today announced the launch of one of the first BTC USD-margined perpetual futures, allowing users to trade using the U.S. dollar as both margin and settlement currency. This eliminates the need to hold stablecoins or perform currency conversion, reduces transaction costs, and enhances […]