After the news broke out that Tron (TRX) founder and Chinese crypto billionaire Justin Sun has secretly become one of the top clients of crypto asset manager Valkyrie, many experts found it odd he would place so much capital in a vehicle designed for ‘boomer asset managers’ or those uncomfortable with self custody.

Indeed, Justin Sun has stashed a large amount of his assets in Valkyrie Digital Assets, specifically in one of its separately managed account (SMA) investment vehicles, designed to provide crypto exposure to those familiar with traditional finance investments, as CoinDesk’s Danny Nelson reported in December.

In early January, Sun’s spokesperson told CoinDesk that the Tron founder was looking to allocate “some of his wealth in U.S. holdings” and to support “regulated crypto industry growth,” as $500 million of his wealth was locked in Valkyrie’s treasury.