Reuters: Wealthy families in Asia seek to increase their allocation of Crypto Assets in their investment portfolios.

On August 21, according to Reuters, wealthy families and family offices in Asia are increasing their investment in crypto assets, mainly driven by bullish expectations for digital assets, growing mainstream acceptance, and favourable regulatory developments in key markets. Wealth management professionals indicate that the number of inquiries they have received has significantly increased, the volume on crypto asset trading platforms has surged, and there is strong demand for crypto asset funds, as high-net-worth Asian investors seek more exposure. "We have raised over $100 million in just a few months, and the feedback from our limited partners has been very positive," said Jason Huang, founder of NextGen Digital Venture, noting that the limited partners here are primarily high-net-worth individuals. Swiss investment bank UBS stated that some overseas Chinese family offices plan to increase their crypto asset exposure to about 5% of their portfolios.