Wealthy Asian Families Seek to Increase Cryptocurrency Allocation in Their Portfolios
According to BlockBeats, wealthy Asian families and family offices are ramping up investments in cryptocurrency due to bullish expectations for digital assets, increased mainstream acceptance, and favorable regulatory developments in the market. Wealth management professionals say that the number of inquiries has increased, trading volumes on cryptocurrency exchanges have surged, demand for funds is strong, and high-net-worth Asian investors are looking for more exposure. Jason Huang, founder of NextGen Digital Venture, stated that over $100 million has been raised in a few months, with positive feedback from limited partners, mainly high-net-worth individuals. Swiss investment bank UBS noted that some overseas Chinese family offices plan to increase their cryptocurrency exposure to about 5% of their portfolios.