Animoca Brands signed a term sheet with GROW Investment Group to form a strategic partnership and make an equity investment in GROW Asset Management (HK) Limited, which will be renamed GROW Digital Wealth (GDW). Under the term sheet, Animoca intends to acquire up to 15% equity in GDW, subject to final agreements and regulatory approvals.
Animoca is best known as a Web3 investor and builder across gaming, NFTs, and broader digital property rights. A push into digital wealth management looks “quiet” on the surface, but it is strategically loud for two reasons:
Hong Kong is increasingly positioned as Asia’s regulated on-ramp for digital assets. A licensed wealth platform can package crypto exposure alongside traditional products in ways many crypto-native apps cannot.
Regional private-wealth media framed this as a push to serve UHNW and family office clients with an integrated platform bridging traditional and digital assets.
Family offices and UHNW desks often want:
GDW’s thesis, as presented in regional coverage, is that Asia’s next wealth platform will not be “crypto only” or “TradFi only.” It will be both.
If this platform develops as implied, the product stack likely clusters into three lanes:
Think curated funds and portfolio products where crypto is either:
For private clients, “crypto exposure” increasingly means:
Tokenized RWAs are the “neutral zone” where TradFi and crypto can meet without forcing clients into maximalist narratives.
If GDW can package tokenized instruments with institutional custody and reporting, it can compete with both crypto exchanges and boutique private banks.
GROW is described in coverage as a China-based wealth manager with backing linked to Julius Baer, making this a sensitive but potentially powerful corridor: Mainland wealth demand routed through Hong Kong’s regulated framework.
This is not just a corporate partnership. It’s a positioning play around where Asian private capital will want to access digital assets in the coming market cycles.
Tech in Asia emphasized GDW’s ambition to offer both crypto and traditional financial products to private clients in Asia, which is exactly the sort of “boring infrastructure” that can compound quietly when markets recover.
This story has upside, but it comes with real constraints:
Animoca’s GDW move is a reminder that the next wave of crypto adoption may not look like a meme cycle. It may look like regulated platforms quietly stitching crypto, tokenized assets, and traditional products into a single wealth interface for Asia’s biggest pools of capital.
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