The term "Active Treasury" is identified as a misleading misnomer. Digital asset treasuries that actively pursue yield through mechanisms like staking and investing in tokens are, in effect, transforming from passive asset holders into active operators. This operational shift, as highlighted, necessitates a significant change in how these entities are managed. It demands either the adoption of robust fund-grade governance standards or a formal reclassification under existing regulatory frameworks to accurately reflect their new operational responsibilities and risk profiles.

The term "Active Treasury" is identified as a misleading misnomer. Digital asset treasuries that actively pursue yield through mechanisms like staking and investing in tokens are, in effect, transforming from passive asset holders into active operators. This operational shift, as highlighted, necessitates a significant change in how these entities are managed. It demands either the adoption of robust fund-grade governance standards or a formal reclassification under existing regulatory frameworks to accurately reflect their new operational responsibilities and risk profiles.