Which Firm Is Likely to Start a Hedera HBAR Digital Asset Treasury ? AllinCrypto October 24, 2025
The recent announcement of Evernorth Holdings, a $1 billion institutional XRP treasury, has reignited discussions around how other cryptocurrencies, like Hedera HBAR, could follow a similar path.
New models for crypto treasuries that hold and manage crypto assets for institutional investors are emerging rapidly.
A promising candidate for developments related to digital asset treasuries would be Hedera Hashgraph, a network known for its enterprise connections,regulatory-friendly infrastructure, and products for real-world use cases.
Why Hedera HBAR Fits the Treasury Model
Once Hedera ETFs launch, possibly before the end of 2025 or early 2026, companies will have a regulated and accessible way to gain exposure to HBAR.
ETFs for the token may very well generate interest in the Hedera ecosystem. Currently, the Hedera team is working with enterprises and the Hedera Council to create and deploy more applications for real-world use cases.
Led by Rob Allen, Hedera’s HEAT initiative wants to boost collaborations between Hedera Council members. This includes Google, IBM, DELL, Shinhan Bank, and more. There’s a possibility that once institutions catch wind of Hedera’s work and notice industry connections, they may want to create dedicated HBAR treasuries in a similar way that XRP has gained Evernorth, an XRP Treasury set to launch publicly in early 2026.
These treasuries would allow firms to move beyond passive investment and actively participate in Hedera’s growing ecosystem, earning staking yields, funding decentralized projects, and benefiting from network growth.
Hedera’s appeal for firms looking to use the network itself lies in its enterprise-grade infrastructure and strong governance. Its low-cost, high-speed, and carbon-negative ledger aligns with corporate goals while providing a secure foundation for managing large reserves.
By establishing HBAR treasuries, companies could diversify and generate returns through participation in network activities such as staking, liquidity provisioning, and tokenization initiatives, if the treasury company were to help provide that acsess.
In reference to Evernorth, the firm has confirmed that yield generation opportunities will be made available using DeFi services on the XRP Ledger.
As Hedera expands into real-world asset tokenization, supply chain tracking, and sustainability verification, firms holding HBAR could directly benefit from rising ecosystem utility and adoption.
In this way, creating an HBAR treasury would be a long-term investment in digital finance infrastructure, a tagline that many investors would want to be a part of.
What a Hedera HBAR Treasury Could Look Like
A hypothetical Hedera treasury could work as a publicly traded asset offering exposure to HBAR. The holding could deploy capital across the Hedera ecosystem, participating in DeFi protocols, liquidity pools, and tokenized carbon markets like on DOVU.
Taking an example of Evernorth’s model, a HBAR Treasury firm could:
- Accumulate and stake HBAR using DeFi tools to generate yields for investors.
- Provide liquidity to Hedera-based stablecoins or real-world asset (RWA) tokenization projects.
- Invest in ecosystem development via the Hedera Foundation, driving demand and adoption for HBAR-based dApps.
If designed as a listed entity, a HBAR treasury could offer investors exposure to HBAR’s long-term value while creating new liquidity streams.
Who Could Lead the Way for HBAR
There are some organizations that stand out as likely candidates to establish an HBAR treasury firm. Standard Bank, a member of the Hedera Council, could leverage its fintech partnerships to pioneer an institutional solution focused on digital asset accumulation tactics.
FIS and ServiceNow, both Hedera Council members with enterprise payment and data management experience, could also lead a HBAR treasury in the future.
KPMG, which has previously partnered with The Hashgraph Group on sustainability tracking solutions, could make a HBAR treasury due to its industry capabilities and capital.
There’s also the case of a HBAR treasury coming from within, similar to Rippe Lab’s own XRP treasury. Swirlds Labs, the developers behind Hedera Hashgraph, could collaborate with venture capitalists to establish a purpose-built treasury and reinvest yields into long-term network growth.
The Outlook for HBAR Treasuries
The emergence of the HBAR crypto treasury would mark a major milestone for the network. Although no real, long-term HBAR treasury exists yet, we may see Hedera in ETFs by the end of 2025 , as ProShares’s CoinDesk Crypto 20 ETF may include HBAR.
@dominic_w confirms that Internet Computer $ICP will be included in ProShares’s CoinDesk Crypto 20 ETF.
The ETF was filed to be listed on the NYSE by ProShares on Oct 21, pic.twitter.com/vWOsGx0zE3
— ALLINCRYPTO (@RealAllinCrypto) October 22, 2025
There are also multiple HBAR ETFs waiting for approval. ETF launches and then treasuries may be the steps that Hashgraph will follow.
The post Which Firm Is Likely to Start a Hedera HBAR Digital Asset Treasury ? first appeared on AllinCrypto.
