High-net-worth clients in Asia are increasingly moving away from US dollar assets towards gold, cryptocurrencies, and Chinese investments, according to UBS Group. This shift is largely driven by geopolitical uncertainties and market volatility, leading investors to seek safer, diverse asset classes. Amid this context, gold enjoys renewed popularity, and interest in Chinese assets has surged, particularly as Hong Kong’s stock index performs strongly in 2024. Meanwhile, Tether transferred over $458 million in Bitcoin to Twenty One Capital, which now possesses 36,312 BTC, making it one of the largest Bitcoin holders among public companies. Additionally, VanEck is set to launch its inaugural tokenized fund backed by US Treasury bills, available on multiple blockchains and catering to institutional investors. This move positions VanEck among major financial firms embracing tokenization as a new frontier in investment.

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