In a study on ultra-high-net-worth (UHNW) families, Standard Chartered Global Private Bank today revealed that 71% of UAE households think they should strategically invest in digital assets like cryptocurrencies, NFTs, or tokenised traditional assets, compared to 69% worldwide.
The UAE is one of the wealthiest and most forward-thinking countries in the world for adopting AI and digital technology, according to these findings. With a combination of openness to new technologies and the organized governance needed to manage them appropriately, families in the United Arab Emirates are embracing innovation with confidence and discipline.
The study, “The Great Repositioning,” provided a thorough understanding of how family offices are redefining wealth creation, preservation, and legacy by surveying over 300 UHNW families and advisers in major global wealth hubs, such as Singapore, Hong Kong, China, UAE, India, Africa, and London.
Family offices in the United Arab Emirates are adopting modern technology in a manner that reflects both vision and maturity,” stated Vinay Gandhi, Global Head of South Asian Community and Regional Head of Europe, Middle East, and Africa, Private Banking. Far from being speculative instruments, they view AI and digital assets as essential parts of a wealth ecosystem that is more cohesive, effective, and robust. The UAE is one of the world’s most vibrant centers for wealthy individuals because of its sound governance and innovative, forward-thinking attitude.
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