Asia’s wealthiest investors are piling into crypto at record pace, capitalizing on explosive gains, regulatory clarity and rising institutional appetite while global counterparts lag behind.
Asia’s Rich Are Moving Fast on Crypto—and the Rest of the World Is Late
Wealth managers across Asia have noted a growing shift in investor sentiment, as demand from high-net-worth individuals for cryptocurrency investments has gained momentum, according to a Reuters report on Aug. 21. Jason Huang, founder of Nextgen Digital Venture, disclosed that his new Singapore-based crypto equity fund, launched in May, secured over $100 million from limited partners. UBS also reported that some overseas Chinese family offices are targeting crypto allocations of around 5% of their total portfolios. Lu Zijie, UBS China’s head of wealth management, observed:
Many second- and third-generation individuals of family offices are starting to learn about and participate in virtual currencies.
news.bitcoin.com