wealth

AI wealth management platform Nevis announced the completion of a $70 million Series B financing round. This round was led by EQT Ventures, with new investors including Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky), while existing investors such as Sequoia Capital, ICONIQ Capital, and Ribbit Capital also increased their investments.Nevis has raised a total of $110 million over the past two years. In the past 12 months, its revenue has grown more than 25 times, and the platform's asset scale has increased from $50 billion to over $70 billion. The company has partnered with more than 10 RIAs (Registered Investment Advisors) including Focus Financial Partners. The new funds will be used to expand the team and develop new products.

According to Bloomberg, the Commonwealth Bank of Australia may profit from Anthropic's initial public offering. The bank participated in Anthropic's Series E funding round in March 2025, with its holdings valued at 153 million Australian dollars, approximately 107.5 million US dollars, as of June 30, 2025.By the end of June 2026, as Anthropic's valuation rose to 965 billion US dollars, the bank's holdings had increased in value to 1.53 billion Australian dollars, approximately ten times higher than before. Bloomberg stated that this valuation increase is considered paper gains, and whether it can ultimately be realized through the IPO depends on the listing process and related transaction arrangements.

The Hurun Research Institute released the "2026 Hurun Rich List." This year, a total of 1,529 entrepreneurs with personal wealth exceeding 5 billion yuan made the list, an increase of 95 from last year, setting a new historical high. The total wealth of the listed entrepreneurs is 32 trillion yuan, a year-on-year increase of 7% (2.1 trillion yuan).Zhang Yiming, the founder of ByteDance, became China's richest person for the second time with 670 billion yuan, breaking the record for the wealth of China's richest person. Zhong Shanshan, the founder of Nongfu Spring, saw his wealth shrink by 120 billion yuan, falling to second place with 410 billion yuan. Liang Wenfeng, the founder of DeepSeek, made the list for the first time, entering the top ten with 280 billion yuan.

According to EU-Startups, the wealth management AI platform Nevis announced the completion of a €62 million (approximately $70 million) Series B funding round, led by EQT Ventures, with Charles Schwab and QuantumLight participating as new strategic investors, and existing investors such as Sequoia Capital, ICONIQ, and Ribbit Capital increasing their investments.Founded in 2024 and headquartered in London and New York, Nevis has raised a total of €98 million (approximately $110 million) after this funding round. The company claims that the assets managed by its clients exceed €625 billion (approximately $700 billion), and its AI agents have completed over 100,000 operational tasks.

According to official news from Bitget, the platform announced a collaboration with the structured product liquidity service provider VETA Finance to upgrade its stock dual-currency investment products. This upgrade expands the product pool on top of existing popular targets such as NVIDIA (rNVDA), Google (rGOOGL), and AMD (rAMD), enriching the investment duration options; relying on deeper liquidity support, it offers more competitive annualized returns while optimizing product structure and settlement mechanisms, bringing users a better trading experience and more diverse income opportunities.Currently, Bitget's stock dual-currency investment supports two strategies: "buy low" and "sell high." Users can use USDT or eligible U.S. stock tokens for subscription, and based on preset target prices and investment durations, complete corresponding asset conversions according to the settlement price at maturity and receive corresponding interest income.In addition, Bitget also plans to launch structured products such as accumulation purchase and accumulation sale options (AQ) with VETA Finance based on the rToken ecosystem, expanding the product layout from standardized wealth management to customized solutions, further enriching multi-asset wealth management options under the panoramic exchange (UEX) ecosystem.

Phoenix Technology cites a report from Business Insider, stating that Microsoft co-founder Bill Gates mentioned in the latest episode of the "Decoder" podcast that artificial intelligence will create "true abundance," but the next 20 years will be as turbulent as any period in human history, with unprecedented job losses and chaos, resulting in winners and losers.Gates indicated that jobs such as telemarketing, customer service, and accounting will disappear, as AI can perform these tasks more cheaply, quickly, and even more accurately; blue-collar jobs will be taken over by humanoid robots. If not significantly slowed down or stopped, robots capable of building houses, growing food, and performing surgeries will emerge, making human labor unnecessary for most goods and services. He believes that work provides a sense of purpose, income, a reason to attend, relationships with colleagues, and pathways for creativity and problem-solving, while activities such as art, sports, cooking, and parenting can be left to humans in the future.The report also mentions that Jeff Bezos and Jamie Dimon have proposed shortening the workweek; Elon Musk has predicted that the transition will be "bumpy" and advocates for the government to issue checks to everyone; Dalio Amodi stated that AI is expected to improve quality of life, but the scale of short-term impacts will be unprecedented; Sam Altman mentioned in May of this year that the number of white-collar jobs eliminated by AI is not as high as he expected. Despite concerns that AI will replace jobs and high-profile layoffs at companies like Amazon and Meta, the unemployment rate in the U.S. has not significantly risen during the AI boom.

Meta Platforms has signed an agreement with CEO Mark Zuckerberg, requiring him to continue residing in the jurisdiction where the company's headquarters is located for the next eight years. This move is in response to California's proposed wealth tax, which could result in a tax bill of billions of dollars for Zuckerberg.The agreement allows him to sell a portion of his Class C shares to provide liquidity to address the potential tax burden from California Proposition 40.

Documents disclosed by the U.S. Securities and Exchange Commission (SEC) indicate that the investment advisory firm Unique Wealth has submitted a 13F-HR report to the SEC, showing that it holds approximately $10.4 million in Bitcoin-related positions.The 13F-HR is a quarterly holdings report submitted by institutional investment managers to the SEC, used solely to disclose securities holdings that meet the reporting threshold, excluding directly held crypto assets. Therefore, the aforementioned positions typically represent Bitcoin exposure in the form of securities such as spot Bitcoin ETFs.

Bitwise analyst Ishmael Asad posted on the X platform that Bitwise is currently collaborating with over 20 wealth management platforms, with a total asset management scale of approximately $24 trillion. Bitwise is also promoting the approval of cryptocurrency exchange-traded products (ETPs) by relevant platforms so that their investment advisors can provide clients with channels for cryptocurrency allocation.Currently, among the institutions collaborating with Bitwise, 17 have approved cryptocurrency concept stock ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved ETPs for the top ten cryptocurrency portfolios, and 2 have approved Solana ETPs, with 1 each approving Bitcoin and gold combination and XRP ETPs. Asad stated that since the first batch of spot cryptocurrency ETFs was launched in January 2024, the cumulative net inflow into cryptocurrency ETPs has been approximately $77 billion. Currently, there are over 50 spot cryptocurrency ETPs in the U.S. market, and the number is still increasing, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, cryptocurrency portfolios, and more. In addition, the interest of wealth management institutions in cryptocurrency assets is also continuously growing, and the related demand is extending from ETPs to cryptocurrency trading and custody, payment, and tokenization fields.

According to The Block, brokerage service provider DriveWealth has partnered with Ripple to integrate its stablecoin settlement, cross-border payment, and digital asset custody services into its brokerage platform.The two parties will initially launch settlement operations in Europe and plan to expand the service scope to the United States. This integration will utilize the Ripple RLUSD stablecoin on the XRP Ledger, allowing DriveWealth customers to use a stablecoin that can be converted to fiat currency almost in real-time for collateral account funding and management. Additionally, both parties are exploring opportunities for equity financing through Ripple Prime.

Morgan Stanley's third-quarter profit grew, with revenue from stock trading reaching $5.8 billion, exceeding market expectations of $4.9 billion.The wealth management business attracted a record $232 billion in net new assets, expanding its total scale to $8.4 trillion.

Recently, Gate founder and CEO Dr. Han was interviewed by Fortune, sharing Gate's strategic plan to transition from a cryptocurrency trading platform to an integrated financial application.Dr. Han pointed out that traditional finance and the crypto world have long been disconnected, requiring users to switch between banks, brokerages, cryptocurrency exchanges, and payment tools. During TOKEN2049 Singapore, Gate launched Gate Money and proposed the vision of "One Gate, Everything Money," integrating fiat currency, digital assets, stocks, ETFs, gold, bank accounts, and payment settlements into a single account app. With the Gate Card, cryptocurrency, fiat currency, tokenized gold, or stocks can be directly used for daily payments, eliminating the need to hold large amounts of low-yield cash for expenses; users in eligible regions can also open a global bank account in their name online, which will support receiving payments in over 60 local currencies in the future.Dr. Han stated, "No one needs to sell stocks to buy a cup of coffee, nor do they need to hold large amounts of cash for emergencies."

According to CoinDesk, Bitmine Immersion Technologies Chairman Tom Lee stated that the intergenerational wealth transfer occurring in the coming years could become an important factor driving the next round of demand in the cryptocurrency market. Based on research data from the IRS and Fundstrat, it is estimated that between 2026 and 2028, approximately $1.5 trillion to $2 trillion in wealth will be transferred between generations.As young investors inheriting wealth typically have a higher risk appetite, this may increase their allocation to risk assets such as cryptocurrencies and stocks. Tom Lee added that Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of AI applications, and treasury companies holding cryptocurrencies for the long term could also become driving factors for future market growth.

According to Bloomberg's report on October 8, 41-year-old Josh Kushner is at the center of several notable deals this year. The Bloomberg Billionaires Index estimates his wealth at approximately $17.5 billion and shows his first entry into the global top 500. He founded the venture capital firm Thrive Capital 16 years ago, which is expanding from investing in startups and growth-stage private companies to becoming a public market investor, holding trophy assets for the long term.The report states that the related deals range from SpaceX's IPO to the record acquisition of the Los Angeles Lakers, as well as a FIFA deal that fell through within days. Among these, Thrive Eternal participated in the financing for the Lakers acquisition at a price of $12.5 billion. Recent investments by Thrive also include Amazon and Shopify.Additionally, it was reported that Thrive Holdings has raised over $2 billion for acquisitions of companies in accounting, information technology services, and more, transforming them with artificial intelligence.

The co-founder and CEO of the decentralized perpetual contract trading platform Hyperliquid, Jeff Yan, stated during a fireside chat at the Token2049 conference in Singapore that traditional wealth creation opportunities on Wall Street, such as company stocks, are essentially inaccessible to the investing public before they are listed on exchanges, causing retail investors to miss out on the most significant price increases prior to listing. He noted that certain assets are tradable by only a few people during most of their growth phases, and by the time the public can trade them, the growth has already been captured by a privileged few, making this wealth creation model unsustainable.Yan stated that Hyperliquid's main mission is to expand the accessibility of wealth creation opportunities and encourage more people to participate in the financial system, with income being merely a byproduct. He mentioned that Hyperliquid's success partly stems from its perpetual contracts having no expiration date, which reduces the number of decisions traders need to make and prevents liquidity fragmentation. According to data from DefiLlama, Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among protocols in terms of revenue.Blockchain asset management company Pantera stated in July that perpetual contracts, due to their structural advantages, could become one of the dominant trading tools in the global financial sector, and Hyperliquid has demonstrated the potential of blockchain infrastructure to challenge traditional markets. Jeffrey Sprecher, CEO of the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, called on regulators to create a fair competitive environment for the launch of 24/7 on-chain perpetual contracts. In March of this year, the New York Stock Exchange partnered with the tokenization platform Securitize to advance blockchain-based stock trading infrastructure.

CoinShares' latest survey shows that among wealthy investors in the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland, the majority already hold cryptocurrency assets, averaging about 10% of their portfolios. The survey covered 2,230 investors with at least $500,000 in investable assets, with Sweden's cryptocurrency holding rate at 54%, while the rates for the United States, United Kingdom, Germany, and Switzerland are around 70%.Among investors who already hold digital assets, at least 85% in five of the seven countries indicated plans to increase their holdings by 2026, with the proportion reaching 91% in the United States, United Kingdom, and Germany. The decline in the cryptocurrency market in February this year did not significantly weaken investment willingness; among respondents from the seven countries, more believed that the market sell-off actually increased their willingness to invest than those who felt it decreased their willingness. The survey indicates that long-term appreciation and asset diversification are the main reasons for investing in cryptocurrency assets, with only 6% of respondents primarily viewing themselves as short-term traders.Bitcoin remains the most widely held digital asset, with an average of 80% of cryptocurrency investors holding BTC; 77% of respondents believe BTC will play an important role in the future global financial system, and 79% support strengthening regulation of the digital asset market. Meanwhile, about 40% of respondents in Switzerland, France, the United States, and Germany who work with financial advisors believe that advisors are overly cautious about digital assets. CoinShares stated that the interest of wealthy investors in cryptocurrency assets is forming a stark contrast to the cautious attitude of the traditional wealth management industry.

Digital asset management company CoinShares stated in its latest survey that the willingness of wealthy investors to allocate to cryptocurrencies continues to expand. The survey targeted a total of 2,230 wealthy investors from the United States, the United Kingdom, France, Germany, Italy, Sweden, and Switzerland.The survey showed that the digital asset holding rate ranges from 54% to 70%, with the holding rates in the United States, the United Kingdom, and Germany approaching 70%. Among respondents who already hold digital assets, there is a strong willingness to increase exposure by 2026. CoinShares noted that at least 85% of existing investors in the five markets plan to increase their positions, with the proportions reaching 91% in the United States, the United Kingdom, and Germany, and 78% and 71% in Switzerland and Sweden, respectively.

Bitwise Research Director Ryan Rasmussen interpreted the company's first institutional cryptocurrency adoption report in an interview. The report interviewed 15 major institutions, covering pensions, endowments, foundations, and sovereign wealth funds. During the period when Bitcoin fell from $125,000 to $60,000, none of the interviewed institutions sold off, with many choosing to increase their holdings instead.Rasmussen stated that these institutions view Bitcoin alongside gold as a tool to hedge against currency devaluation. Wells Fargo allocated a position of 2% to 3% in Bitcoin, while Fidelity and BlackRock provided a range of 2% to 8%. He noted that the launch of ETFs has made this round of the Bitcoin bear market shallower than previous ones, with weekly ETF inflows reaching as high as $2.5 billion, bringing a new wave of capital to the market.He also mentioned that sovereign wealth funds are selling gold to buy Bitcoin and believe that $60,000 constitutes the bottom of this round. He simultaneously pointed out that Bitcoin has low correlation with bonds, gold, and stocks.

According to Bitcoin Magazine, Bloomberg ETF analyst James Seyffart stated in a video interview with Bitcoin Magazine that trillions of dollars in advisory wealth are currently on the sidelines, and a slight increase in allocation could bring substantial new demand for Bitcoin ETFs. He mentioned that the daily inflow of funds into Bitcoin ETFs once approached $1 billion.James Seyffart pointed out that strict rules from large brokerages like Morgan Stanley and JPMorgan are still limiting financial advisors from purchasing Bitcoin ETFs for their clients, with the target allocation being too low as the main constraint. Many advisors have previously chosen to wait for the bear market to end before entering the market. He emphasized that approximately $30 trillion to $40 trillion in advisory wealth is a long-overlooked data point.He also discussed the cost benchmarks for Bitcoin ETFs, whether ETF fund flows can truly drive Bitcoin prices, who is selling between spot holders and ETF investors, the closing of hedge fund Bitcoin basis trades, and whether Bitcoin ETFs are expected to surpass gold ETFs. He believes the impact of the four-year cycle is diminishing, and Bitcoin is increasingly viewed as a risk asset.

The 2026 Wealth Survey by U.S. Bank shows that the average American Generation Z starts accumulating wealth at 19 years old, significantly earlier than previous generations. The survey covered 5,000 American adults aged 18 and older. Generation Z consciously begins to build wealth on average at 19, including investing, saving for retirement, or long-term savings, which is 6 years earlier than the average age of 25 for Millennials, 10 years earlier than 29 for Generation X, and 13 years earlier than 32 for Baby Boomers.Despite starting earlier, 56% of Generation Z believe they are doing everything right but have not achieved their expected financial situation, 62% report difficulty in making financial progress, and 49% have paused or plan to pause their investments. 62% of Generation Z and 61% of Millennials believe that the stock market is a more realistic path to wealth than buying a home, with the percentages for Generation X and Baby Boomers being 51% and 45%, respectively. About 47% of Generation Z obtain financial information through social media, and nearly half of young people are more interested in emerging options like cryptocurrency, but most still believe that traditional investments are the best way to achieve long-term goals. About 70% of parents have provided or plan to provide assistance for their children's significant milestones.