Crypto Elite Shun NFTs for 69-Million-Year-Old Dinosaur Fossils

Deep inside a Singaporean vault that’s been dubbed “Asia’s Fort Knox,” nestled alongside fine wines and priceless paintings, is a fully-formed, 69-million-year-old triceratops skeleton — one of only 24 known specimens.

Its owners: a group of collectors including Yoann Turpin, co-founder of crypto market maker Wintermute.

The trading executive and his co-investors paid about $5 million for the more than five-meter-long fossil, which was shipped from Wyoming to Singapore’s Le Freeport earlier this year. All four owners invest in crypto, including Chaw Wei Yang, who runs a platform called Co-Museum focused on collectibles.

Chaw Wei Yang, left, Yoann Turpin, center, and his wife Alice Jeon with the 69 million-year-old triceratops fossil at Freeport in Singapore.

Photographer: Suvashree Ghosh/Bloomberg

The purchase is indicative of the ...