Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets

According to a survey jointly published by KPMG China and Aspen Digital, astir 58% of Singapore and Hong Kong’s household offices and high-net-worth individuals person invested successful integer assets. Reports suggest the info shows the crypto marketplace downturn has not diminished the super-rich’s involvement successful integer assets, and is improbable to dissuade them from expanding their holdings of these assets.

Singapore and Hong Kong’s Super-Rich Increasingly Interested successful NFTs

Nearly 60% of household offices and high-net-worth individuals (HNWI) from Hong Kong and Singapore person invested successful integer assets, portion 34% are readying to bash the same, a caller survey has found.

Besides holding BTC and ETH, the survey recovered the 2 regions’ super-rich person besides shown accrued involvement successful non-fungible tokens (NFTs) and decentralized concern (defi) products. Commenting connected the study’s findings, jointly published by KPMG China and Aspen Digital, the second firm’s CEO Yang He said:

NFTs person seen an detonation successful involvement since 2021, portion the involvement successful Defi began successful 2020 and remains interesting.

According to a South China Morning Post report, among the 30 household offices and HNWIs that participated successful the study, much than 60% had assets nether absorption (AUM) that ranged betwixt $10 cardinal and $500 million. As noted successful the report, the 2 regions’ super-rich were not dissuaded from investing successful crypto assets by the market’s downturn.

Family Offices May Allocate More to Digital Assets

Meanwhile, the Aspen Digital CEO reportedly said helium expects the affluent families from these regions to summation the proportionality of their wealthiness invested successful integer assets. Yang He’s sentiments are echoed by Paul McSheaffrey, elder banking spouse astatine KPMG China. He said the precocious likelihood of upside is what whitethorn punctual affluent families to allocate much to integer assets.

“For HNWIs and household offices, determination is [a] existent anticipation of a large upside, truthful they whitethorn deliberation wherefore not instrumentality 2 oregon 3 per cent of my portfolio successful that and spot what happens,” McSheaffrey said.

What are your thoughts connected this story? Let america cognize what you deliberation successful the comments conception below.

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