For a long time, the crypto account in Asia was that of a popular revolution, a case of «small carriers» and Nerds of the web3. But that was before. A new Reuters report, confirmed by Cointelegraph, reveals that the adoption of cryptocurrencies has changed their face on the continent. Forget small investors: it is now the wealthy families who throw themselves heads lost in the bath, allocating up to 5 % of their portfolios with digital active ingredients. A wind of maturity blows on the crypto, and it smells good luxury and traditional finance.
The key points of this article: Fortunate families in Asia have massively adopted cryptocurrencies, abandoning the model of small investors. Recent developments in the United States have strengthened the credibility of cryptos, encouraging major Asian financial institutions to be interested in it.
Uncle Sam opened the ball, Asia followed
This new wave of interest has not come out of nowhere. It is directly linked to recent developments in the United States, including approval of ETF Bitcoin spot and the adoption of GENIUS Act (The famous Stablecoins law). These decisions gave a serious boost to the credibility of the crypto and blew up the lock of distrust for major financial institutions. Jason Huang, founder of NextGen Digital Venture, understood this. He also explains to Cointelegraph that she has raised more $ 100 million For its new Crypto Fund, with a clientele composed mainly of «Family Offices» and entrepreneurs from the Tech sector. Besides, the Swiss bank UBS Note that wealthy Chinese families are now placed their balls (and not just a little) in the crypto, she even offered hybrid financial products, particularly in partnership with Zksync in order to offer her customers gold trading on blockchain thanks to tokenization.
Asian boom does not stop at retail
If the Boom Crypto in Asia was historically led by the “retail investors” (the small carriers), the dynamics are changing, as Chainalysis explained in 2024.
South Koreafor example, is a $ 130 billion market, dominated by professional traders and arbitration strategies.
Hong Kong has seen its activity explode with 85,6 % In one year, carried by the approval of Bitcoin and Ether ETF, and an influx of institutional capital. Even the Chinedespite his ban, sees his wealthy citizens using the crypto to bypass restrictions and move their money abroad, in particular due to the instability of the real estate market. With 32 % of global crypto developersthe region is a real talent nursery. Countries like Singapore, Indonesia and Vietnam are on the front line, pushing the borders of the DeFigames play-to-earnand cross -border payments.
Crypto, an increasingly respectable asset
For the rich, the crypto has gone from the status of object of curiosity to that of refuge value. Giselle lai from Fidelity International The situation has summed up by explaining that investors are increasingly using Bitcoin as a «portfolio diversifier», insurance against macroeconomic uncertainties. In short, the «old world» of finance can no longer ignore the crypto. Money, the real one, begins to flow, validating the relevance of the asset. If the «small carriers» have opened the way, it is now the wealthy families who legitimize and propel the crypto towards the summits. And the ECB has only to be well.