According to a study collectively released by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong’s household workplaces and high-net-worth people have invested in digital assets. Reports recommend the information reveals the crypto market slump has actually not lessened the super-rich’s interest in digital assets, and is not likely to discourage them from increasing their holdings of these assets.
Singapore and Hong Kong’s Super-Rich Increasingly Interested in NFTs
Nearly 60% of household workplaces and high-net-worth people (HNWI) from Hong Kong and Singapore have invested in digital assets, while 34% are preparing to do the very same, a brand-new study has actually discovered.
Besides holding BTC and ETH, the study discovered the 2 areas’ super-rich have also revealed increased interest in non-fungible tokens (NFTs) and decentralized financing (defi) items. Commenting on the study’s findings, collectively released by KPMG China and Aspen Digital, the latter company’s CEO Yang He stated:
NFTs have seen a surge in interest because 2021, while the interest in Defi started in 2020 and stays fascinating.
According to a South China Morning Post report, amongst the 30 household workplaces and HNWIs that got involved in the study, more than 60% had assets under management (AUM) that varied in between $10 million and $500 million. As kept in mind in the report, the 2 areas’ super-rich were not detered from investing in crypto assets by the market’s slump.
Family Offices May Allocate More to Digital Assets
Meanwhile, the Aspen Digital CEO supposedly stated he anticipates the rich households from these areas to increase the percentage of their wealth invested in digital assets. Yang He’s beliefs are echoed by Paul McSheaffrey, senior banking partner at KPMG China. He stated the high possibility of benefit is what might trigger rich households to assign more to digital assets.
“For HNWIs and household workplaces, there is [a] genuine possibility of a huge benefit, so they might believe why not stick 2 or 3 percent of my portfolio in that and see what occurs,” McSheaffrey stated.
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