**Asia’s Leading Ethereum Backers Plan $1 Billion ETH Treasury Firm via Nasdaq Acquisition**
A group of prominent Ethereum backers from Asia is joining forces to establish a $1 billion digital asset treasury (DAT) firm focused on Ethereum. The initiative will be spearheaded by influential figures in the crypto industry, including Huobi founder Li Lin, Fenbushi Capital founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu Inc. founder Cai Wensheng.
### High-Profile Investors Commit Millions
According to Bloomberg, the consortium plans to acquire a Nasdaq-listed company as part of its strategy to launch the new firm, leveraging the established infrastructure to support digital asset management operations. Several investors have already committed hundreds of millions of dollars toward the project.
Li Lin, who also serves as chairman of Avenir Capital, is a key player in this initiative. His firm manages assets exceeding $1 billion and has pledged $200 million to the venture. Shen Bo, co-founder of Fenbushi Capital—which was founded alongside Ethereum creator Vitalik Buterin in 2015—is another critical contributor. Xiao Feng of HashKey Group and Cai Wensheng of Meitu also bring significant expertise and support. Cai, an early advocate of crypto, notably led Meitu to become one of the first public companies to build a crypto treasury by purchasing $40 million worth of Bitcoin and Ethereum in 2021.
### Acquisition of Nasdaq-Listed Firm to Accelerate Growth
The planned acquisition of a Nasdaq-listed company is designed to provide the new treasury firm with immediate access to resources and infrastructure critical for scaling its digital asset portfolio. Regional investors, including HongShan Capital Group, are expected to play a significant role in backing the acquisition.
This move is anticipated to accelerate the firm’s ability to manage Ethereum-based assets and expand its presence in the global market. The backers aim to build a robust platform dedicated to digital asset management while maintaining a strong focus on Ethereum — a digital asset that has attracted growing interest in recent months.
### Rising Interest in Ethereum Among Digital Asset Treasury Firms
While Bitcoin remains the dominant asset for many digital asset treasury firms, interest in Ethereum is surging. Industry players such as BitMine—the world’s second-largest crypto treasury—and SharpLink, backed by ConsenSys, are helping to elevate Ethereum’s standing within the sector.
Compared to North America, China has historically hosted fewer digital asset treasury firms. However, this new initiative underscores a rising regional trend toward embracing Ethereum within corporate treasury strategies.
Ethereum’s appeal is partly driven by its unique use cases in decentralized finance (DeFi) and smart contracts, combined with its strong market performance. This initiative aims to capitalize on Ethereum’s growing importance and help increase its adoption in the global digital asset space.
### A Significant Step for Ethereum’s Future in Digital Asset Management
By launching this $1 billion Ethereum-focused treasury firm, Asia’s leading crypto investors are positioning themselves to play a significant role in the future of Ethereum and digital asset treasury management worldwide.
This bold initiative marks a key milestone toward integrating Ethereum deeper into the digital asset landscape and highlights the expanding influence of Asia’s crypto industry in shaping the sector’s future.
https://coincentral.com/some-of-asias-largest-ethereum-backers-plan-to-launch-1-billion-eth-treasury-firm/