An Account with Institutional-Level Configuration: BiFu Wealth Management Sector Takes Shape, Integrating Financial Products and RWA into One Entry Point

The all-asset trading platform BiFu has recently refined its wealth management sector with two main lines: one is the "Wealth Management Sector" aimed at stable allocation needs, and the other is the RWA sector.

Written by: Stan Li

The narrative in the crypto market is shifting from "volatile trading" to "asset allocation." As more users become dissatisfied with constantly shifting between contracts and spot trading, and begin to ask, "Can this money be stably invested for three years?" the product boundaries of exchanges must expand.

The all-asset trading platform BiFu has recently refined its wealth (Wealth) sector with two main lines: one is the "Wealth Management Sector" aimed at stable allocation needs, which currently features five funds managed by licensed asset management institutions, covering various underlying assets such as fixed income, gold, quantitative arbitrage, Hong Kong IPOs, and foreign exchange; the other is the RWA (Real World Assets) sector, which brings primary market equity shares, originally only available to institutions and high-net-worth individuals, onto the blockchain through tokenization.

In BiFu's product architecture, these two areas are not independent functional entries. They jointly answer the same question: what can the exchange provide when a user's fund scale crosses a certain threshold?

Industry Background: RWA is No Longer a Concept, but a $38 Billion Market

To determine whether a sector is worth pursuing, one must first look at whether there is real market volume.

According to industry data platform RWA.xyz, as of August 2026, the total on-chain RWA scale is approximately $38 billion; the total number of asset holders has surpassed 2 million, an increase of over 60% compared to 30 days ago; and there are 281 total asset issuers.

Two numbers are worth highlighting. First, the monthly growth rate of the number of holders is far higher than the growth rate of the total scale, indicating that new incoming funds are primarily small to medium-sized, and RWA is transitioning from being exclusive to institutions to retail. Second, there are only 281 issuers, which is a very small denominator relative to two million holders, indicating that supply is still scarce, which explains why leading projects often fill up quickly during fundraising windows.

However, from an asset structure perspective, RWA does not equate to "low risk." The largest category by scale is U.S. Treasury bonds, approximately $14.7 billion, which indeed belongs to a typical stable base; but following that are commodities (approximately $5 billion), private credit (approximately $4.4 billion), stocks (approximately $1.6 billion), as well as non-U.S. Treasury bonds, institutional alternative funds, private equity, corporate bonds, and actively managed strategies, which are closer to medium-high risk assets in terms of yield characteristics and volatility levels. Private credit involves counterparty credit and repayment cycles, while commodities and stocks are directly exposed to market price fluctuations.

BiFu's judgment is that Treasury bonds and commodities address the "yield" issue, while the real incremental space lies in private equity and alternative funds, as they address the "accessibility" issue. What ordinary investors lack is not a few extra points of yield, but rather access to assets that are fundamentally unavailable.

Wealth Sector: Five Funds, Five Different Sources of Returns

The core page of BiFu's Wealth Sector is called "Investment Plaza," which currently features five funds, each covering different underlying assets, logically resembling a small asset allocation shelf.

FX Stable Return Fund, expected annualized return of 8.00% to 10.00%, open cycle of 365 days, minimum investment amount of 10,000 USDT, fundraising target of 5 million USDT. This fund invests in the main fund established by the Trivesta Group in the Cayman Islands, with underlying investments managed through foreign exchange (FX) and precious metals (including gold) trading strategies, executed within a defined risk management framework, focusing on controlling volatility and drawdown risks. The Trivesta Group states in its materials that it has over twenty years of asset management experience, with its entities holding relevant qualifications such as Australia's AFSL and Hong Kong's BRN.

Gold Spot Enhanced Fund, expected annualized return of 15.00% to 30.00%, open cycle of 365 days, minimum investment amount of 1,000 USDT, fundraising target of 10 million USDT, is the product with the lowest threshold and the largest fundraising target among the five. The strategy employs a classic combination of "gold spot base + dynamic options yield enhancement (covered calls)": capturing the Beta return of gold's long-term appreciation through spot long positions, while continuously obtaining options premium Alpha during market volatility using derivative strategies to smooth portfolio volatility and dilute holding costs. The fund is managed by Duxton Asset Management.

Ark One Arbitrage Yield Enhancement Fund, expected annualized return of 15.00%, open cycle of 365 days, minimum investment amount of 20,000 USDT, fundraising target of 5 million USDT, with the page showing a fundraising progress of 69.85%. This is the only fund among the five with a digital asset as its underlying asset, employing a strategy combination of "stable arbitrage + flexible timing enhancement," aiming to provide a low-volatility, cross-market cycle crypto asset allocation solution. This product is jointly managed by two institutions: the lead manager Wellspring Asset Management holds a British Virgin Islands (BVI) Approved Manager license, with a team deeply engaged in the quantitative hedging field of digital assets, and the core management team has over 7 years of experience in crypto quantitative research and top brokerage rapid trading risk control, with historical management scale exceeding $140 million; the co-manager is Shenwan Hongyuan Securities (Singapore).

Stable Gain: Dual Star Joint Management Fixed Income Fund, expected annualized return of 7.00%, open cycle of 180 days, minimum investment amount of 5,000 USDT, fundraising target of 5 million USDT, with a fundraising progress of 75.39%, is the only half-year product. This fund adopts a VCC structure regulated by Singapore's MAS, primarily investing in supply chain financial assets under real trade backgrounds, targeting anti-cyclical real industries such as packaging, plastics, and deep processing of agricultural products, relying on multiple risk controls and closed-loop funding operations. The lead manager is Duxton Asset Management, and the co-manager is Shenwan Hongyuan Securities (Singapore).

Hong Kong Stock Anchor Investment Flagship Fund, expected annualized return of 15.00%, open cycle of 365 days, minimum investment amount of 10,000 USDT, fundraising target of 5 million USDT, with a fundraising progress of 56.92%. This fund is managed by Duxton Asset Management, directly participating in the IPO anchor placement of quality unicorn companies on the Hong Kong Stock Exchange (HKEX), capturing the initial listing bonuses of new stocks while avoiding long-term secondary market volatility.

Looking at the five products together, the layering intention of the shelf is quite clear: half-year fixed income, foreign exchange strategies, Hong Kong IPOs, gold, and crypto quant each correspond to different sources of returns, with minimum investment thresholds ranging from 1,000 USDT to 20,000 USDT, corresponding to users of different fund scales.

It should be noted that the above information is sourced from BiFu's official website and does not constitute any investment advice or return guarantees. The expected annualized return rate is an expected range rather than a guaranteed return, and past performance does not represent future results. Investment carries the risk of principal loss; investors should carefully assess their decisions.

Management Team: A Rare Licensed Asset Management Configuration in Crypto Wealth Management

In an industry environment where wealth management products are highly homogeneous, a notable orientation of BiFu's Wealth Sector is placing the information of managers at the same level of importance as the yield rates. Each fund's detail page features an independent "Manager Introduction" module.

Duxton Asset Management was established in 2009 and is a professional asset management institution regulated by both the Monetary Authority of Singapore (MAS, holding a CMS license) and the Australian ASIC. The core team originates from Deutsche Bank's asset management department, with 17 years of experience in cross-border investment and wealth management. Three of the five funds are managed or co-managed by them.

Shenwan Hongyuan Securities (Singapore) is a large comprehensive brokerage subsidiary directly under the China Investment Corporation and Central Huijin, serving as the co-manager for two products, primarily providing resource integration and collaborative support for domestic and foreign capital markets.

Wellspring Asset Management holds a BVI Approved Manager license and focuses on quantitative hedging of digital assets.

Trivesta Group is responsible for foreign exchange and precious metals directions, and is also the issuer of two equity projects in the RWA sector.

According to BiFu's plan, the wealth management sector will operate as an open entry point in the future: the platform will provide compliant channels, user and settlement infrastructure, inviting more licensed asset management institutions to issue products and assets. The strategies and underlying assets on the shelf will continue to expand, rather than remaining at the current five products.

RWA Sector: Breaking Down Primary Market Tickets into Shares That Can Be Purchased with Stablecoins

If the Wealth Sector addresses the "yield structure" issue, the RWA Sector addresses the "asset accessibility" issue.

The "Investable Projects" section on BiFu's RWA page currently displays three targets, all of which are fund-type products:

StepFun Equity Project, expected annualized return of 18.00%, minimum investment amount of $15,000, issued by Trivesta Group, with a fundraising progress of $2,845,500 / $5,000,000. This project invests in the Pre-IPO equity shares of the leading unicorn company in China's general artificial intelligence (AGI) field, StepFun.

Sunrise Equity Project, expected annualized return of 20.00%, minimum investment amount of $20,000, also issued by Trivesta Group, with a fundraising progress of $2,082,500 / $5,000,000. This project invests in the scarce targets in China's AI computing infrastructure field, Sunrise, which originates from the core team of a top domestic AI company and focuses on the independent research and development of GPUs specifically for large model inference.

Musk Technology Unicorn Fund, expected annualized return of 25.00%, minimum investment amount of $50,000, managed by Duxton Asset Management, with a fundraising target of $10,000,000, currently marked as "fully raised" with a fundraising progress of 100%. This fund aims to provide global investors with a rare channel for direct investment in core technology unicorns under Elon Musk, focusing on allocating to global aerospace leader SpaceX, AI leaders, and other targets.

The common point among these three projects is clear: they are all primary market equities that ordinary investors can hardly access through traditional channels. Shares of SpaceX typically circulate only in specific SPVs and old stock transfer markets, and the Pre-IPO rounds of leading Chinese AI unicorns are similarly restricted. The value of RWA is most directly reflected here: it does not sell something that can already be bought in a different form, but transforms something that was originally inaccessible into a product that can be subscribed to by shares.

This is also the most direct value of RWA at this stage: breaking down the participation threshold of the primary market. In the past, such equity was only open to institutions and high-net-worth individuals, with single subscription scales often starting at millions of dollars, and ordinary investors could not even see the quotes. After share allocation, the minimum investment amount is compressed to the range of $15,000 to $50,000, allowing subscriptions to be completed with stablecoins. It does not sell something that can already be bought in a different form, but transforms something that was originally inaccessible into a product that can be participated in by shares.

Future Plans for Project Parties: BiFu's Next Steps

RWA is a bilateral market, requiring asset supply in addition to investors. In the future, BiFu will provide a complete path for project parties, summarized in three steps: asset tokenization, market trading, and investment allocation.

The overall process starts with project submission, entering review and compliance design, completing token issuance; then tokens go live, access liquidity, and open for global investor trading; finally, investors use stablecoins to complete allocations, obtain returns, and can exit through the secondary market.

BiFu provides project parties with support including compliance architecture, smart contracts, and full-process issuance support, connecting exchange global users and secondary market trading, as well as compliance and trust infrastructure composed of cooperating law firms, auditing, and custody, helping assets enter cross-border markets.

For asset parties, the attractiveness of this process lies in merging "financing" and "liquidity" solutions. In traditional private equity financing, the shareholder register is essentially frozen after completion; however, tokenized issuance establishes a sustainable trading market simultaneously with fundraising completion.

The Second Half of Exchanges: Competing on Asset Supply Capability

In the past few years, the competitive focus of crypto exchanges has been on trading depth, fees, and contract types. However, as the industry enters a phase of stock competition, the marginal returns of pure trading efficiency optimization are decreasing.

BiFu's Wealth Management Sector points to another path: the core capability of exchanges is shifting from "matching trades" to "organizing assets." Whoever can obtain assets that others cannot, and structure institutional-level products into shares that retail can participate in, will retain that portion of the largest and most stability-seeking user base.

Users still only need one account, but what can be held in that account is expanding from cryptocurrencies to gold, foreign exchange, supply chain finance, Hong Kong IPOs, and primary market equities.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.