TechFlow news, September 4 — According to Caixin, Xinhuo Technology CEO Weng Xiaoqi recently told Caixin that the company plans to make strategic investments in leading DAT firms and will take a leading role in establishing Digital Asset Treasury (DAT), although for now this initiative will only advance in the U.S. stock market. "There are many ways to enhance capital liquidity in the U.S. stock market, such as the ATM mechanism, which the Hong Kong market lacks," he said.
Weng Xiaoqi stated that DATs, cryptocurrency ETFs, and traditional virtual asset exchanges all essentially provide gateways for capital to enter cryptocurrency trading. Before the emergence of cryptocurrency ETFs, exchanges were dominant. However, the vehicle for cryptocurrency trading is evolving toward lighter models, and currently DAT represents the lightest way for traditional investors to access the crypto world.
A senior digital asset investor who requested anonymity told Caixin that while DATs could also be implemented in the Hong Kong stock market, discussions with Hong Kong regulators have revealed limited support for this direction, suggesting market participants may need to lobby local regulators further.
