BiFu has completed the latest build-out of its Wealth section, bringing together two product lines under one framework: a wealth management shelf for users seeking steadier allocation and a real-world asset, or RWA, section. In the product structure described in the article, the two are not separate utilities. They are presented as one answer to a broader question of what an exchange can offer after users move beyond rotating between spot and derivatives.
Stan Li wrote that the market narrative in crypto is shifting from volatility-driven trading to asset allocation. In that setting, users are no longer focused only on moving capital between contracts and spot markets. They are also asking whether funds can be placed in instruments designed to sit for years, which pushes exchanges to widen their product boundaries.
RWA has moved past the concept stage, with on-chain size at about $38 billion
To frame the opportunity, the article cites industry data platform RWA.xyz. As of August 2026, total on-chain RWA stood at about $38 billion. The number of total asset holders had passed 2 million, up more than 60% from 30 days earlier, and the number of issuers was 281.
The article isolates two parts of that data. First, monthly growth in holder count is running ahead of growth in total size, which it reads as a sign that new money is coming in through smaller tickets and that RWA is moving from an institutional niche toward broader retail participation. Second, the issuer base remains small relative to the holder count. With only 281 issuers against more than 2 million holders, supply is still tight, which the article says helps explain why leading offerings often fill quickly during fundraising windows.
It also makes clear that RWA is not synonymous with low risk. U.S. Treasuries are currently the largest category at about $14.7 billion and fit a conservative core allocation profile. But the next categories — commodities at about $5 billion, private credit at about $4.4 billion, and equities at about $1.6 billion — along with non-U.S. sovereign debt, institutional alternative funds, private equity, corporate bonds and active strategies, carry return profiles and volatility more typical of medium- to higher-risk assets. Private credit adds counterparty exposure and repayment-cycle risk, while commodities and equities are directly exposed to market price swings.
BiFu’s view, as quoted in the article, is that Treasuries and commodities address the yield question, while the larger incremental opportunity sits in private equity and alternative funds because they address access. In that framing, the gap for ordinary investors is not only a few extra points of return, but access to assets they often cannot buy at all.
The Wealth section lists five funds with different sources of return
The core page of the Wealth section is called the Investment Plaza. It currently lists five funds whose underlying exposures do not overlap, giving the page the look of a compact allocation shelf rather than a single-theme product set.
FX Stable Return Fund
This fund carries an expected annualized return of 8.00% to 10.00%, a 365-day open period, a minimum subscription of 10,000 USDT and a fundraising cap of 5 million USDT. It invests into a master fund established in the Cayman Islands by Trivesta Group. The underlying strategy uses foreign exchange and precious metals, including gold, and is run within a stated risk-management framework focused on controlling volatility and drawdown. The materials cited in the article say Trivesta Group has more than 20 years of asset-management experience, with related entities holding Australia AFSL and Hong Kong BRN qualifications.
Gold Spot Enhanced Fund
This fund targets an expected annualized return of 15.00% to 30.00%, with a 365-day open period, a minimum investment of 1,000 USDT and a fundraising cap of 10 million USDT. That makes it the lowest-threshold product and the largest raise among the five. The strategy combines a physical gold core position with dynamic option-income enhancement through covered calls. The article describes the setup as one that seeks long-term gold beta through spot exposure while using derivatives to generate option premium alpha during range-bound periods, with the aim of smoothing portfolio volatility and lowering holding costs. The manager is Duxton Asset Management.
Ark No.1 Arbitrage Enhanced Return Fund
This fund carries an expected annualized return of 15.00%, a 365-day open period, a minimum subscription of 20,000 USDT and a fundraising cap of 5 million USDT. The page shows the fundraising progress at 69.85%. It is the only one of the five with digital assets as the underlying exposure. The strategy combines what the article calls prudent arbitrage with flexible timing enhancement, targeting a lower-volatility crypto allocation strategy that can span both bull and bear cycles. The product has a dual-manager structure. Wellspring Asset Management is the lead manager and holds a BVI Approved Manager license. Shenwan Hongyuan Securities (Singapore) serves as co-manager. The article says Wellspring focuses on digital-asset quantitative hedging and that its core management team has more than seven years of experience in crypto quantitative research, trading and high-speed brokerage risk control, with historical assets under management exceeding $140 million.
Stable Income Dual-Star Joint Fixed Income Fund
This fund has an expected annualized return of 7.00%, a 180-day open period, a minimum investment of 5,000 USDT and a fundraising cap of 5 million USDT. The fundraising progress is listed at 75.39%, and it is the only six-month product among the five. The fund uses a VCC structure regulated by the Monetary Authority of Singapore, or MAS, and invests mainly in supply-chain finance assets backed by real trade activity. The underlying sectors include packaging, plastics and deep processing of agricultural products, which the article describes as counter-cyclical real-economy industries. It also points to multiple risk-control layers and a closed capital loop. Duxton Asset Management is the lead manager and Shenwan Hongyuan Securities (Singapore) is the co-manager.
Hong Kong Equity Anchor Investment Flagship Fund
This fund has an expected annualized return of 15.00%, a 365-day open period, a minimum subscription of 10,000 USDT and a fundraising cap of 5 million USDT. The page shows progress at 56.92%. Managed by Duxton Asset Management, the fund participates directly in cornerstone-style offline allocations for IPOs of high-quality unicorn companies listed on Hong Kong Exchanges and Clearing, or HKEX. The article says the strategy aims to capture early listing gains while avoiding long-term volatility in the secondary market.
Taken together, the five products show clear layering. Six-month fixed income, FX strategies, Hong Kong IPO access, gold exposure and crypto quant are each tied to different return drivers, while minimum investment levels range from 1,000 USDT to 20,000 USDT for different sizes of capital.
The article adds an explicit disclaimer that all of the above is drawn from BiFu’s public website pages and does not constitute investment advice or a return guarantee. Expected annualized yields are presented as target ranges rather than guaranteed returns, historical performance does not predict future results, and investors may lose principal.
Manager credentials are treated as a core part of the product pitch
One clear feature of the Wealth section is that manager information is given the same prominence as yield figures. Each fund detail page includes a standalone manager profile section.
Duxton Asset Management was founded in 2009 and is described as a professional asset manager regulated by both MAS, where it holds a CMS license, and Australia’s ASIC. Its core team comes from Deutsche Bank’s asset-management division and has 17 years of cross-border investment and wealth-management experience. Three of the five funds list Duxton as manager or lead manager.
Shenwan Hongyuan Securities (Singapore) is described as a subsidiary of a large integrated brokerage controlled under entities directly tied to China Investment Corporation and Central Huijin. It acts as co-manager on two products, with a role centered on domestic and international capital-markets coordination and support.
Wellspring Asset Management holds a BVI Approved Manager license and focuses on digital-asset quantitative hedging.
Trivesta Group handles the foreign exchange and precious-metals direction and is also the issuer for two equity projects in the RWA section.
According to the article, BiFu plans to run the Wealth section as an open gateway. The platform’s role will be to provide compliance access, user infrastructure and settlement rails, while inviting more licensed asset managers to issue products and assets on the platform. In that setup, the shelf is expected to expand beyond the current five funds in both strategy mix and underlying exposures.
The RWA page lists three investable fund-style projects
If the Wealth section addresses return structure, the RWA section is framed as solving access. BiFu’s RWA page currently shows three investable targets, all structured as fund-style products.
StepFun Equity Project
This project carries an expected annualized return of 18.00%, a minimum investment of $15,000, and is issued by Trivesta Group. Fundraising progress is listed at $2,845,500 out of $5,000,000. The project invests in pre-IPO equity of StepFun, described in the article as a leading unicorn in China’s AGI field.
Sunrise Equity Project
This project targets an expected annualized return of 20.00%, with a minimum investment of $20,000, and is also issued by Trivesta Group. The page shows fundraising progress at $2,082,500 out of $5,000,000. It invests in Sunrise, described as a scarce asset in China’s AI computing infrastructure segment. The article says the company comes from the core team of a top domestic AI company and focuses on developing proprietary GPUs for large-model inference.
Musk Technology Unicorn Fund
This fund carries an expected annualized return of 25.00%, a minimum investment of $50,000, and is managed by Duxton Asset Management. Its fundraising size is listed at $10,000,000, and the page marks it as fully subscribed, with progress at 100%. The fund is intended to provide global investors with direct exposure to core technology unicorns associated with Elon Musk, with key allocations to SpaceX and leading AI names.
The common thread across the three products is that they point to private-market equity exposure that ordinary investors can rarely reach through traditional channels. SpaceX stakes, the article notes, typically circulate through specific SPVs and secondary transfers of existing shares. Pre-IPO rounds in leading Chinese AI unicorns work in much the same way. In this context, the value of RWA is presented in a direct way: it turns hard-to-access assets into subscription products that can be bought in fractionalized units.
The article says that in the past these types of equity opportunities were largely reserved for institutions and high-net-worth investors, with single-ticket subscriptions often starting in the millions of dollars. Many ordinary investors could not even see a quote. After unitization, the minimum ticket falls into a range of $15,000 to $50,000, and subscriptions can be completed with stablecoins.
BiFu outlines a pipeline for asset issuers
BiFu also says RWA is a two-sided market. Investor demand alone is not enough; supply from asset owners matters as well. For project-side clients, the platform plans to offer a full path that it summarizes in three steps: asset tokenization, market trading and investment allocation.
The process starts with a project application, then moves into review and compliance design, followed by token issuance. After that, the token goes live, connects to liquidity and opens to global investor trading. Investors then allocate with stablecoins, receive returns and can exit through the secondary market.
For issuers, BiFu says it can provide compliance architecture, smart-contract and issuance support across the full process, access to the exchange’s global users and secondary-market trading, and a trust stack built with partner law firms, auditors and custodians to help assets enter cross-border markets.
From the asset-owner side, the attraction is that the process addresses both financing and liquidity at once. The article contrasts that with traditional private placements, where the shareholder register is largely fixed after fundraising is completed. In tokenized issuance, a continuously tradable market is established alongside the raise.
The next stage of exchange competition, in BiFu’s framing, is asset supply
The article closes by arguing that crypto exchange competition in recent years has centered on market depth, fees and derivatives variety. As the industry moves into a phase of competition over existing users, the marginal gain from improving trading efficiency alone is getting smaller.
BiFu’s Wealth build-out points to a different direction. The exchange role, in this framing, is shifting from matching trades to organizing assets. The users still operate through one account, but the range of things that account can hold expands beyond cryptocurrencies to include gold, foreign exchange, supply-chain finance, Hong Kong IPO allocations and private-market equity.
On the platform itself, the article describes BiFu as a next-generation all-asset trading platform connecting trading, assets and future markets. Through a unified account system, BiFu offers access to crypto contracts, FX CFDs, tokenized stocks and RWA, prediction markets, Earn products and copy trading.
The original article also includes a disclaimer stating that markets carry risk and the piece does not constitute investment advice. Users should judge for themselves whether any opinions, views or conclusions fit their own circumstances and bear responsibility for investment decisions made on that basis.
