Singapore's state-backed investment fund, which manages roughly $400 billion in assets, has ruled out adding cryptocurrency to its portfolio, instead directing capital toward artificial intelligence. The fund plans to grow its AI-related holdings to 15% of the portfolio by 2031, more than doubling the current allocation of about 6%. The decision underscores a preference among major institutional investors for exposure to the AI sector over digital assets, which the fund appears to view as unsuitable for its long-term strategy. Temasek's move signals continued caution toward crypto from sovereign and quasi-sovereign wealth managers, even as some other institutions have expanded into the space. The shift toward AI reflects broader investment trends prioritizing companies and infrastructure tied to the rapidly growing technology, positioning the fund to capture anticipated returns from the sector's expansion over the coming years.
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