A CFTC commissioner is set to become the next CEO of the Blockchain Association, while UBS reports a shift in high-net-worth clients in Asia towards gold, crypto, and Chinese markets. Summer Mersinger, a CFTC commissioner, will take over as CEO of the Blockchain Association on June 2. The departure of Mersinger opens the way for a new appointment by President Trump. UBS notes a move away from US dollar assets towards alternative investments due to geopolitical uncertainty and market volatility. Clients are diversifying into gold, crypto, and Chinese assets. Tether invested $458.7 million in Bitcoin for Twenty One Capital. VanEck is launching a tokenized RWA fund in partnership with Securitize, joining other traditional finance firms in the space. The fund, VBILL, offers exposure to US Treasury bills on multiple blockchains with minimum subscriptions starting at $100,000. Read more AI-generated news on: https://app.chaingpt.org/news

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