Private bankers and wealth advisers across the region report a sharp rise in enquiries about crypto allocations, while exchanges and dedicated funds have seen trading volumes and subscriptions surge. The shift reflects both bullish sentiment around the asset class and regulatory tailwinds in key markets such as the United States, Singapore, and Hong Kong.
Jason Huang, founder of Singapore-based NextGen Digital Venture, said his newly launched long-short crypto equity vehicle—the Next Generation Fund II—raised more than $100 million in just a few months, drawing strong interest from limited partners comprising family offices and technology entrepreneurs. His earlier fund, which he wound down last year, returned an eye-catching 375% in under two years.
“Our investors—mainly family offices and internet/fintech entrepreneurs—recognise the growing role of digital assets in diversified portfolios,” Huang explained.
Global banks are also noting the trend. UBS said several overseas Chinese family offices are targeting a 5% allocation of their portfolios to cryptocurrencies. “Many second- and third-generation individuals of family offices are starting to learn about and participate in virtual currencies,” observed Lu Zijie, head of wealth management at UBS China.
The renewed enthusiasm has coincided with bitcoin surging to fresh record highs above $124,000 in August, fuelled by U.S. policy support under President Donald Trump, including the passage of the GENIUS Act, which has been welcomed by the digital asset industry. Hong Kong’s new stablecoin legislation has provided another regulatory boost, cementing its ambition to be a global hub for crypto innovation.
Industry leaders say the mindset among wealthy Asian clients has undergone a marked shift. A few years ago, allocations to bitcoin or other tokens were seen as experimental. Today, they are increasingly considered essential portfolio diversifiers.
“Last year, family offices were dipping their feet into bitcoin ETFs. Now they are learning the difference between holding a token directly and using structured products,” said Zann Kwan, chief investment officer at Singapore-based Revo Digital Family Office.
Some sophisticated players are even adopting market-neutral approaches such as basis trades and arbitrage to enhance returns, according to Singapore wealth manager Lighthouse Canton. Fidelity International’s Giselle Lai added that bitcoin’s low correlation with traditional asset classes is also making it attractive as a hedge against macroeconomic uncertainty.
The trend is reverberating across the crypto ecosystem. Gemini’s Asia Pacific head, Saad Ahmed, said the growth reflects the maturing of the asset class, while HashKey Exchange in Hong Kong reported an 85% year-on-year jump in registered users by August 2025. In South Korea, trading activity at the top three exchanges has climbed 17% this year compared with 2024, with daily volumes up more than 20%, according to data from CryptoQuant.
With institutional-grade products expanding and regulations gradually clarifying, analysts suggest Asian family offices may continue to drive a powerful wave of capital into digital assets—cementing crypto’s role in the portfolios of the region’s wealthiest investors.