The Rise of DATCOs: Active Treasuries Are Replacing VC in Crypto
Digital Asset Treasury Companies (DATCOs) are emerging as active capital engines, replacing passive VC funding by deploying digital assets into staking and development.Summary
Corporate crypto treasuries are shifting from a passive 'buy and hold' strategy, popularized by firms like MicroStrategy, to an active model driven by Digital Asset Treasury Companies (DATCOs). This change coincides with a significant drop in venture capital funding for crypto. DATCOs function more like venture capital firms than custodians, actively deploying their digital assets into staking, validator operations, and ecosystem development to generate on-chain yield and support network infrastructure. This active deployment offers benefits like transparent risk measurement and real-time auditing, appealing to regulators and institutions. By running validators and funding growth, DATCOs gain influence previously held by VCs, positioning themselves as the new, more participatory capital backbone for the crypto industry as the age of passive balance-sheet exposure ends.
(Source：CoinDesk)