KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto
“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.
Per KPMG China’s Partner Paul McSheaffrey and Aspen Digital’s CEO Yang He, the companies aimed to gain insights into the current activity of these two groups and their plans for future investment in the market. The report they produced is based on a survey of 30 FOs and HNWIs in Hong Kong and Singapore, carried out in the second quarter of 2022, as well as interviews with industry stakeholders.
The report found that nearly all respondents are interested in the sector, with a "particular interest" in crypto.
It stated that,
"Despite the volatility in the digital asset market in the past two years, FOs and HNWIs are keen to invest in the sector. The survey found that 92% of respondents were interested in digital assets, with 58% of FOs and HNWIs already investing and 34% planning to do so."
The main reason for this growing interest, said the authors, is the "huge" upside potential, given that investors have seen outsized returns since the space was born.
Another factor is the increase in mainstream institutional investors getting into digital assets. This, argued the report, has given FOs and HNWIs more confidence when it comes to this specific sector.
Furthermore, there has also been a great amount of development in terms of infrastructure and high-quality talent acquisition, which is expected to continue.
However, these investors don't seem to be putting a lot of money into digital assets yet. The
Read more on cryptonews.com
