According to Caixin, an unnamed senior investor said: the Digital Asset Treasuries (DAT) model listed in Hong Kong is feasible but the possibility of approval by Hong Kong regulators is currently low.
This information shows that the market needs to prepare a lobbying plan and handle legal risks if it wants to deploy DAT in Hong Kong. Investors and businesses should be cautious, prepare legal documents and alternative scenarios.
- DAT listing in Hong Kong is XEM feasible but unlikely to be approved.
- The market needs to lobby and complete legal documents before the management agency.
- Investors should assess regulatory risks and prepare alternative scenarios.
Summary of content
Caixin quoted an anonymous senior investor as saying that DAT listing in Hong Kong is technically and market-wise feasible, but local regulators are unlikely to approve it immediately.
This reflects the gap between market initiative and regulatory policy. Approval depends on the views of investor protection, financial stability and the legal framework for cryptocurrencies in Hong Kong.
“A DAT listing in Hong Kong is a viable option, but regulatory approval is currently low and lobbying may be required from participants.”
Anonymous investor, senior investor; Caixin
Implications for markets and management
The lack of regulatory approval means DAT could face regulatory hurdles and lengthy approval times, disrupting its plans to list and raise Capital.
Regulators may require higher standards of transparency, investor protection, and systemic risk control. Businesses should assess the legal implications, compliance reporting, and roadmaps for meeting regulatory requirements.
Recommendations for investors and businesses
Prepare full legal documents, build lobbying scenarios and alternative plans if Hong Kong does not approve the DAT in the short term.
Assess compliance risks, enhance asset and governance transparency, and consider alternative market listing procedures or legal structures to reduce approval risk.
FAQ
What is DAT?
DAT (Digital Asset Treasuries) is a fund or centralized asset repository that holds digital assets for the purpose of asset management, liquidation or generating profits through investment mechanisms.
Why is it difficult for Hong Kong to approve DAT?
The main reasons are legal risks and investor protection; regulators tend to be cautious, requiring transparency and high governance standards before granting licenses.
What should a company do if it wants to list DAT in Hong Kong?
Prepare detailed legal documents, transparent assets, proactively lobby and develop alternative plans such as listing on other markets.
What should investors pay attention to?
Assess legal risks and approvals, demand transparency from businesses and have Capital scenarios when policies change.
