The following happened in Crypto today – Tradingview News

Today in Crypto, the banking giant UBS says that its customers with high network work in Asia swivel from US dollar assets in the direction of gold, crypto and Chinese markets. Twenty One Capital received Bitcoin injection worth $ 458.7 million from Bitcoin injection from Tether and Vaneck starts his first fund supported by US treasure masters.

Asia's wealthy relocation of US dollars to crypto, gold, China: UBS

According to UBS Group in the US dollar dollars, the investments in the US dollar-based investments, which prefer gold, cryptocurrencies and Chinese assets throughout Asia.

“Gold is very popular,” said Amy Lo, the co-head for wealth management of Swiss Bank for Asia, while Bloomberg's new Voices event on May 13th in Hong Kong.

It cited rising geopolitical uncertainty and persistent market volatility as the main factors for the shift. Investors who are traditionally focused on US assets are now looking for a broader commitment to alternative asset classes, including crypto, raw materials and other currencies.

Lo said: “Volatility is definitely here to stay”, which causes customers to replace safe ports and growth opportunities perceived in new regions.

After years of damped interest restored China, the ultra-rich regains the traction again. Lo found that customers who previously avoided the engagement in China are now proactively asking about investment opportunities.

The Benchmark Index of Hong Kong, which was strongly composed of Chinese companies, developed in 2024 as one of the world's leading performers, which further develops interest.

The latest survey by Bank of America's Contest Fund Manager also shows that global fund managers significantly reduce their commitment in the US dollar in May and mark the largest underweight position in 19 years.

The Tether injects 459 million US dollar Bitcoin into twenty -one capital

Stablecoin Emittent Tether bought Bitcoin worth $ 458.7 million for Twenty One Capital on May 13, a Bitcoin investment company that has supported it and which works on a SPAC Acquisition Company) with Cantor Equity Partners.

Cantor Equity Partners said in a regulatory submission that the Tether had collected 4,812.2 Bitcoin Btcusd At $ 95,319 each and in a fiduciary pocket on May 9th.

Twenty One's Total Bitcoin Holdings are now swollen to 36,312 BTC, since Cantor Equity Partners holds 31,500 BTC for the company, which will act under the ticker XXI after completing the SPAC fusion.

The Bitcoin Holdings are the third largest of public companies who only remained strategy, formerly microstrategy and bitcoin mining companies Mara Holdings under 568,840 Bitcoin or 48,237 Bitcoin.

Vaneck starts his first RWA tokenization Fund

The investment company Vaneck starts a tokenized fund for asset (Real-World Asset), in which US finance ministries are distributed in cooperation with the tokenization platform. In the initiative, Vaneck will enter a growing number of traditional financial companies in the RWA token's tokenization room.

The fund named Vbill will initially be available in Avalanche, BNB chain, Ethereum and Solana Blockchains, said Vaneck in a statement on May 13. The fund's minimum subscription start at $ 100,000 for investments in Avalanche, BNB chain and Solana, while the minimum subscription for Ethereum is $ 1 million.

Vaneck joins an emerging field of traditional financial companies that RWA -tokensized funds have introduced with competitors such as Blackrock and Franklin Templeton. In January, Apollo, an investment company, started a private loan tokenized fund with an administrative assets of 751 billion US dollars.

With a market capitalization of 6.9 billion US dollars, US financing is one of the largest assets in tokenized funds, which, according to RWA.XYZ, are in second place.

Vaneck's partner Securitize has powered a wealth of over 3.9 billion US dollars. In May 2024, it collected 47 million US dollars in a strategic financing round listed by Blackrock.