management

According to Crowdfund Insider, digital bank Revolut announced that its trading division, Revolut Trading Ltd, has received an extension of permissions approved by the UK's Financial Conduct Authority (FCA) to launch more comprehensive investment and wealth management services in the UK market.Under the newly approved Variation of Permissions (VoP) license, Revolut can now manage investment portfolios for clients and participate in certain transactions as a principal. This means that the platform will be able to offer leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth users in the future, all of which will be integrated into its mobile application, alongside everyday banking and payment tools.It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools, continuing its transformation into a "one-stop financial platform." Earlier this year, Revolut officially obtained a full banking license in the UK. Analysts believe that the FCA's approval indicates an increase in its maturity as a regulated financial institution, while also reflecting that fintech companies are accelerating their competition with traditional banks and wealth management institutions.

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

According to News1, the Korean National Tax Service is piloting the custody and management of seized virtual assets by entrusting them to private cryptocurrency custody institutions for the first time, with plans to run a trial until the end of this year.Major custody institutions in Korea, such as KODA, KDAC, Hecto WalletOne, BDACS, and InfiniteBlock, are all prepared to participate. Although the budget for this pilot project is only about $5,800, the industry believes that obtaining a reference case from the "Korean National Tax Service project" is of symbolic significance.

Bitget launches VIP exclusive ETH wealth management, aimed at VIP users participating in CC PoolX from May 6, 18:00 to May 10, 18:00 (UTC+8). During the event, relevant users can go to the "Easy Coin Earning" section to purchase ETH, enjoying a maximum of 5% APR. The participation period is from May 10, 18:00 to May 15, 18:00 (UTC+8).At the same time, Bitget will allocate a total of 100 NVDAON rewards to VIP users who meet specific trading thresholds based on the deposit time, amount, and holding duration of ETH. For more details, please refer to the Bitget official platform.

Bitget launches VIP exclusive BTC wealth management, aimed at VIP users participating in UMXM PoolX from May 6, 18:00 to May 9, 18:00 (UTC+8). During the event, relevant users can go to the "Simple Earn" section to purchase BTC, enjoying up to 2% APR. The event period is from May 9, 18:00 to May 14, 18:00 (UTC+8).At the same time, Bitget will allocate a total of 100 NVDAON rewards to VIP users who meet specific trading thresholds based on the BTC deposit time, amount, and holding duration. For more details, please refer to the Bitget official platform.

According to market news, the National Assembly of South Korea has passed an amendment to the Foreign Exchange Transaction Act, requiring companies engaged in cross-border transfer of virtual assets to register with the Ministry of Economy and Finance, bringing the cross-border flow of virtual assets such as stablecoins under the management system of the foreign exchange authorities.The amendment newly defines "virtual asset transfer business," covering activities that transfer virtual assets between South Korea and foreign countries through buying, selling, exchanging, etc. Virtual asset exchanges and custodians are also included in the registration scope. The amendment also reorganizes the foreign exchange business system, integrating the original currency exchange, small overseas remittances, and other businesses into "general currency exchange business" and "overseas payment settlement business." For violations of foreign exchange transaction procedures aimed at obtaining improper benefits, the penalty has been increased from fines of less than 50 million won to imprisonment of less than one year or fines of less than 100 million won.

Bitwise CEO Hunter Horsley stated at the Consensus 2026 conference: The market declined in the fourth quarter of last year, and the first quarter of this year also saw a drop. However, the inflow of funds from the U.S. wealth management channel reached the highest record for any quarter in the past eight years. In other words, for financial advisors in the wealth channel, the first quarter of this year was their best quarter for investing in these products. Therefore, when the market fell, they chose to buy the dip.

Circle officially announced that its USYC asset management scale has surpassed 3 billion USD, making it the largest tokenized money market fund in the world. This milestone indicates the continuous growth of tokenized money market funds, while the role of on-chain collateral in the digital asset market is also steadily increasing.USYC is a product that tokenizes traditional money market funds through blockchain technology, allowing institutional investors to hold, trade, and manage yield-bearing assets on-chain. The fund primarily invests in short-term U.S. Treasury bills and U.S. government securities-backed reverse repurchase agreements.

According to CoinDesk, Galaxy Digital and State Street have jointly launched the tokenized fund "State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)," which migrates cash management and yield products to the blockchain network, achieving 24/7 on-chain liquidity management.This product allows institutional investors to allocate stablecoins into the fund, maintaining redemption capabilities while earning yields, breaking through the trading hour restrictions of traditional money market funds. The fund is initially built on Solana and plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage Digital provides custody services, and State Street manages the underlying traditional securities assets.This launch continues the trend of institutional exploration of on-chain cash management. Previously, BlackRock's BUIDL fund validated institutional demand for tokenized U.S. Treasury products, driving continuous capital inflow into on-chain fixed income assets. Currently, State Street manages over $5 trillion in assets, and this move is seen as an important step towards fully tokenizing traditional financial products, while also marking the gradual extension of on-chain financial infrastructure into the institutional cash management sector.

One of Canada's largest institutional investment management companies, AIMCo, disclosed in regulatory filings on April 30 that it holds an equity stake in Strategy valued at $219 million. This is one of the largest direct investments by a sovereign wealth fund in the crypto "middleware" protocol. AIMCo stated that this move is a strategic positioning for the tokenization of real-world assets (RWA) and automated liquidity provision.The Strategy platform is able to provide yield opportunities for institutional investors that comply with KYC/AML standards, while its governance and equity structure allows it to benefit from transaction fees generated by the inflow of institutional capital. Analysts believe this is also a defensive hedge for AIMCo in the context of declining traditional fixed-income returns. This investment is expected to act as a catalyst for other Canadian and international pension funds.AIMCo manages approximately CAD 160 billion in assets, and this move indicates that large fiduciary institutions believe the technological and regulatory risks in the DeFi space have become manageable. As AIMCo integrates digital asset strategies into its main portfolio, it may trigger a chain reaction in the sovereign wealth sector, advancing global capital management towards transparency and efficiency through decentralized ledgers in the era of "programmable finance."

Colombia's largest pension management institution, Porvenir, has launched a crypto investment portfolio that allows members to gain indirect exposure to Bitcoin prices by investing in BlackRock's Bitcoin ETF, IBIT.The minimum investment for this product is 100,000 Colombian pesos (approximately $25), aimed at savers aged 18 to 45, and is only available for the voluntary pension system, requiring a personalized risk assessment consultation.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

New Fire Technology (1611.HK) announced that it will acquire the investment team and trading system of the Li Lin family office Avenir Group for $1.6 million.After the acquisition is completed, New Fire Technology plans to launch a Bitcoin-denominated asset management service called Alpha BTC, aiming to attract investments of over 10,000 Bitcoins within a year, valued at approximately $760 million. This strategy will generate returns through trading derivatives such as options, with Bitcoin or IBIT ETF as the underlying assets, targeting clients including crypto-native investors and local businesses in Hong Kong. Avenir Group holds 18.3 million shares of BlackRock iShares Bitcoin Trust, valued at $908 million, as of the end of 2025.

Binance will launch Chip (CHIP) on April 21, 2026, at 21:30. Binance Wealth Management will open the CHIP principal-protected earning product for subscription; users can purchase CHIP using credit cards, debit cards, etc., through one-click buy. The instant exchange trading platform will support CHIP exchanges for BTC, USDT, and other tokens; VIP borrowing will launch CHIP as a borrowable asset. Binance Futures will launch the CHIPUSDT perpetual contract, with a maximum leverage of up to 50 times.

Binance co-founder He Yi responded to questions about personal plans and the company's management structure at the BNB Chain event in Hong Kong.Regarding whether he would write a book, He Yi said, "Never say never," but at this stage, he has no desire to express that and is not considering writing a book for now. When discussing how to face challenges, He Yi summarized two points: first, the mutual trust between Binance and its users; second, having great employees is crucial.Regarding changes in the management structure, He Yi pointed out that CZ is the founder and the foundation, but he has currently stepped back from management. The current management structure is led by him and Richard Teng, and they will continue to seek suitable partners globally in the future. On this basis, Binance will focus on applying for more global licenses, with Richard responsible for establishing standards, while He Yi focuses on user growth and service.

According to The Block, Yuga Labs announced a management adjustment, with co-founder and CEO Greg Solano transitioning to the role of chairman of the board, and current Chief Product Officer Michael Figge taking over as CEO; Figge joined the company in 2021 and began his duties a few weeks ago. This adjustment comes as the company continues to advance its metaverse project, Otherside.

According to Fortune magazine, in the context of a downturn in the crypto market in 2025 and the distribution of profits to investors, the portfolio values of crypto venture capital firms such as Paradigm and a16z crypto have significantly shrunk.According to filings with the U.S. Securities and Exchange Commission (SEC), the total assets under management (AUM) of four crypto funds under a16z crypto dropped nearly 40% from 2024 to 2025, falling to $9.5 billion. Part of the reason is that the firm began returning capital to investors from earlier funds, and the timing of the returns coincided with the market peak in 2025, with a net DPI (distributions to paid-in capital) of 5.4 for its first crypto fund.Multicoin Capital's AUM has more than halved, dropping to about $2.7 billion. Paradigm's holdings also slightly decreased by about 6%. Meanwhile, the total size of a16z crypto's parent company, Andreessen Horowitz, has exceeded $100 billion.The report points out that the shrinkage in assets under management reflects the decline in portfolio value due to the market downturn, and is also a sign of normal exits by VCs and the return of funds to limited partners (LPs). Some firms, such as Haun Ventures, have seen their AUM grow by over 30%, reaching around $2.5 billion.Currently, Paradigm is seeking to raise a new fund of $1.5 billion, and a16z crypto is also raising up to $2 billion for its fifth fund.