Crypto Adoption: Institutional Investors Show Growing Interest in Digital Assets

IconCryptoNewsTerminal Staff11 Jun, 2024

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Crypto Adoption: Institutional Investors Show Growing Interest in Digital Assets

According to Chris Barford, EY Hong Kong's Financial Services Consulting Data Leader, institutional investors are increasingly expressing interest in cryptocurrencies and other digital assets. EY's research indicates that a substantial portion of institutional investors plan to increase their crypto allocations within the next few years. Notably, investors with over US$500 billion in assets under management anticipate allocating approximately 1% of their portfolios to digital assets. Barford highlights Hong Kong's relatively stable regulatory environment as a key factor attracting institutional investors, even amidst the city's limited crypto trading channels. The growing interest from institutional players underscores the maturing landscape of the crypto asset class and its potential for broader adoption.

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