The digital asset treasury (DAT) sector is facing potential consolidation, with some companies unable to sustain themselves amid growing competition. During a recent panel at Korea Blockchain Week, ReserveOne CEO Jaime Leverton indicated that consolidation can benefit the market, as companies like Strive, which recently made an all-stock acquisition of SMLR, emerge as sector consolidators. Leverton highlighted the diverse strategies of DATs in attracting different types of investors, with ReserveOne preparing for a Nasdaq listing and pursuing a multi-asset strategy. SharpLink Gaming's co-CEO Joseph Chalom remarked that beyond competing over the $4 trillion crypto market cap, DATs aim for the $700 trillion traditional finance structure, advocating for a decentralized approach. He emphasized the importance of owning significant crypto assets to leverage opportunities in lending and transactions, suggesting that this focus on institutional adoption will transform the sector and support protocol development.

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