In Singapore, Maybank Singapore CEO Alvin Lee said that ultra-wealthy investors in Asia are increasingly combining investments in traditional assets, including gold and real estate, with investments in digital assets and cryptocurrencies. CNBC Top News reports.

According to him, individuals with ultra-high net worth are considering financial instruments and physical assets — real estate and precious metals — at the same time. Lee called the rise in gold prices evidence of its role as a store of value.

Gold and new asset classes

At the time of publication, an ounce of gold was worth about $4,400, below record levels at the beginning of…