HashKey Capital CEO Deng Chao says crypto treasuries must be treated as strategic reserves, not speculative bets, to remain sustainable in volatile cycles.
The survival of corporate crypto treasuries depends on governance and discipline, according to HashKey Capital CEO Deng Chao.
In an interview with Cointelegraph, Chao argued that digital asset treasuries (DATs) are sustainable long-term, but “with an important caveat.” Those that lack risk frameworks, diversify poorly or treat digital assets like speculative bets tend to collapse in volatile cycles.
“Resilience comes from discipline,” he said. “Digital assets themselves are not inherently unsustainable; it is how they are managed that makes the difference.”