‘Active Treasury’ is a dangerous misnomer that must not be ignored
The term “Active Treasury” misleads everyone. Digital asset treasuries chasing yield via staking and tokens become operators, not holders, demanding fund-grade governance or regulatory reclassification.
Opinion by: Abdul Rafay Gadit, co-founder at Zignaly and ZIGChain
Digital asset treasury companies (DATCOs) are facing a classification problem that the market can no longer ignore.
DATCOs were built to hold crypto. Increasingly, they’re being forced to decide whether they want to own assets or operate the systems those assets run on.