Crypto-rich families shift from NFTs to ultra-rare dinosaur fossils

A pristine Triceratops dinosaur fossil dating back 69 million years has quietly joined the investment portfolios of a wealthy group of cryptocurrency investors, indicating a clear trend of shifting from digital collectible assets to ultra-rare physical assets. According to Bloomberg, Wintermute co-founder Yoann Turpin, along with some investors, purchased one of only 24 known specimens of the fossil, which is now stored at Le Freeport in Singapore – a high-security storage facility often referred to as the “Fort Knox of Asia.”

This facility, owned by crypto billionaire Jihan Wu, also holds tokenized gold, artworks, rare wines, and large amounts of digital assets, reflecting the increasing presence of crypto wealth in the physical world. Turpin stated that this deal was driven both by personal passion and the desire for prestige – a trend spreading among crypto elites seeking tangible, less risky assets amid technological changes.

Meanwhile, another segment of the industry continues to focus on building tightly regulated digital asset infrastructure, exemplified by stablecoin projects linked to the Malaysian ringgit.