HashKey Capital says institutional demand is pushing digital asset management beyond directional trades
HashKey Capital’s head of derivatives and structured products, Chaltan Wang, said in a conversation compiled by PANews that rising institutional participation is changing what clients want from digital asset managers. The focus is moving away from a simple question of what to buy and how much it may rise, and toward a broader set of needs that includes risk management, cash-flow planning, yield enhancement, position management, and liquidity management.
Wang said derivatives and structured products already serve as established portfolio tools in traditional finance because they can turn different investment goals into executable risk-return arrangements. She argued that the same shift is now playing out in digital assets. While standardized crypto derivatives such as futures, perpetual contracts, and vanilla options have made substantial progress in liquidity, depth, and institutional participation, customized solutions remain at a relatively early stage compared with traditional markets.
She also drew a line between exchanges and professional asset managers. In her view, exchanges provide infrastructure, standardized instruments, and liquidity, while institutions often need a full solution that covers product design, pricing, execution, hedging, collateral and liquidity management, counterparty management, valuation, settlement, and ongoing risk monitoring. Wang said products such as Dual Currency, FCN, Accumulator, Decumulator, Snowball, and Collar Financing are examples of structures designed for different client objectives rather than simple standalone trades.
