High-Net-Worth Individuals
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Binance Expands Wealth Management Services
Binance’s Capital Connect platform now welcomes accredited investors with over $1 million in assets, previously exclusive to institutions. This move aims to attract high-net-worth individuals by offering sophisticated investment management, akin to traditional separately managed accounts. The platform supports diverse strategies, including traditional finance instruments, and has seen rapid growth in portfolios and trading teams, signalling Binance’s ambition to diversify beyond core crypto offerings and compete in wealth management.
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Experts Warn of Poor Sales as $5 Million Trump Gold Card Set to Launch
Former U.S. President Donald Trump’s proposed $5 million “Golden Card” visa, intended to replace the EB-5 program, has sparked skepticism. Experts argue its high cost—five times EB-5’s $1.8 million minimum—misjudges billionaire spending habits, as the ultra-wealthy rarely allocate over 10% of liquid assets to such investments. Since the announcement, EB-5 inquiries surged 168% in early 2025, with 80% of applicants rushing to secure its lower-cost option. Tax drawbacks, including global income taxation for U.S. green card holders, further diminish the Golden Card’s appeal. Market responses highlight the EB-5’s superior balance of affordability and perceived value compared to its pricier, exclusionary alternative.