Asian Family Offices Boost Crypto Exposure — UBS Sees 5% Targets

Wealthy Asian families and their investment arms are increasing crypto allocations, citing strong returns, improving regulation, and a view that digital assets are now core to diversified portfolios. Jason Huang of Singapore-based NextGen Digital Venture said his firm raised over $100 million in a few months for the Next Generation Fund II, a long-short crypto equity strategy; his prior fund returned 375% in under two years. UBS reported that some overseas Chinese family offices plan to boost crypto exposure to around 5%, with rising engagement from younger generations, according to its China wealth management head Lu Zijie. Bitcoin rose above $124,000 this month. The article notes U.S. policy momentum via the pro-crypto GENIUS Act and confidence from Hong Kong’s stablecoin legislation. Gemini’s Asia-Pacific head Saad Ahmed said momentum reflects the asset class’s maturation. Singapore’s Revo Digital Family Office observed clients moving from Bitcoin ETFs toward understanding direct token ownership, while Lighthouse Canton said some are adopting basis trades and arbitrage. Fidelity International’s Giselle Lai said Bitcoin is being treated as a macro hedge due to low correlation with stocks and bonds. Hong Kong’s HashKey Exchange reported an 85% year-on-year increase in registered users as of August 2025. In South Korea, trading volumes at the three largest platforms are up 17% year-to-date, with average daily turnover up more than 20%. Authorities there are lifting institutional trading restrictions and preparing to approve the first spot crypto ETFs, while President Lee Jae Myung’s administration is working on a won-pegged stablecoin framework. Dunamu, operator of Upbit, launched a new custody service for corporate and institutional clients. The text also states that WLFI’s USD1 stablecoin targets treasuries, sovereign deals, and Middle Eastern family offices.