The post UAE’s Ultra-Rich Are Driving a Fierce Crypto Revolution com. The traditional wealth management and private banking world, much of which is hard-bitten and twice shy when it comes to cryptocurrency investing, is under mounting pressure again to deliver digital assets to wealthy clients, particularly in crypto hotspots like Dubai, Switzerland and Singapore. Swiss software firm Avaloq, which serves many private banks and wealth managers, examined high net worth (HNW) investing attitudes in the UAE (based on surveys of 3, 851 investors and 456 wealth professionals conducted in February/March 2025), and found that while demand for digital assets in that region is unusually high (39% of wealthy clients hold crypto), only 20% of those crypto investors used a traditional wealth manager. The UAE, known for its oil-rich, ultra-high net-worth family offices and a low tax center for expat workers, is also quickly becoming one of the world’s hottest crypto hubs, with Dubai offering a clear regulatory framework in the form of the Virtual Assets Regulatory Authority (VARA), which has been in place since 2022. These days, the kids of ultra-high net-worth families are educating their elders about crypto for example, the Trumps. Against this backdrop, Avaloq’s UAE snapshot found that 63% of investors have switched managers or are considering doing so. The reason is partly because their questions about crypto are going unanswered, according to the survey. “As crypto has evolved as an asset class, there has been a growing need among private banking relationship managers to cater to clients who are basically not being served,” said Akash Anand, head of Middle East and Africa at Avaloq, in an interview with CoinDesk. “Hence there has been a rush among traditional wealth managers to get equipped to offer crypto.” The roadblocks So why weren’t these traditional financial institutions serving what their clients want? The simple answer is that crypto, by its.
The Latremie Post Posts
The post Can Pi Network’s ISO 20022 Move Catch Up to XRP and Stellar? appeared com. What is ISO 20022, and why does it matter? ISO 20022 is a global standard that defines how financial institutions exchange information for transactions such as payments, securities and remittances. It replaces older, fragmented messaging systems with a unified, structured format that enables banks, fintech companies and payment networks across the world to communicate in the same digital language. Adopting ISO 20022 enhances cross-border compatibility by enabling secure and efficient sharing of richer, structured transaction data (such as payment purpose and sender and receiver information). This improves transparency, reduces the number of errors and accelerates the processing of international transfers. The global shift to ISO 20022 marks a major milestone in modernizing finance. Many central banks and payment systems, including the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the US Federal Reserve’s Fedwire, which completed its migration in July 2025, are adopting the standard, targeting full implementation by Nov. 22, 2025. After that date, most international financial institutions connected to SWIFT’s cross-border network are expected to use ISO 20022 as the common foundation for seamless, data-rich global payments. What is Pi Network’s ISO 20022 strategy? Pi Network’s plan to adopt the ISO 20022 standard is divided into three key stages: preparation before November 2025, activation on Nov. 22, 2025, and post-launch adoption. The upgrade builds on Pi Network’s large user base, reflected in more than 50 million app downloads. Pi plans to introduce enhanced tools for cross-border payments, secure digital wallets and a decentralized exchange (DEX) to support real-world transactions. By adopting ISO 20022, Pi Network will gain easier integration with banking systems, enabling faster, cheaper and more transparent digital transfers. This move could help Pi evolve from a community-driven project into a recognized participant in global payments, bridging the gap between cryptocurrency and regulated finance. Did you know?.
The Boston Celtics renew their rivalry against the Cleveland Cavaliers on Wednesday. Ahead of the marquee matchup, Jaylen Brown is listed on the Celtics’ injury report alongside Jayson Tatum.
How Dad Reacts to Toddler Cutting Her Own Hair in ‘The Most Hilarious Way’
The WWE women’s division has been red-hot lately due to several intriguing feuds and storylines brewing on the main roster.
The acquisition from Saudi Arabia PIF and others has caused EA to pause its investor relations events.
Karrion Kross and Scarlett Bordeaux are former WWE stars. This duo had immense potential. However, Triple H booked them poorly.
From engineering and tech to finance and data science, these 10 college majors deliver high ROI in 2025
Gems in Escape from Duckov introduce an additional level to the game’s systems for finding loot and using weapons.
This letter is a plea to local communities and businesses to stop using the corporate, for-profit, information gathering, Facebook, to be their sole means of announcing local events. I do not want to go to a town’s website to be redirected to Facebook for further information about local recreation or entertainment opportunities. I am not […]