Family Offices Show Interest in Crypto and Blockchain Investments
A recent report by Grant Thornton, a global professional services network, has found that family offices are increasingly considering crypto and blockchain investments. According to the report, 35% of family offices surveyed expressed a desire to increase their exposure to blockchain investments, while 27% planned to increase their investments in cryptocurrency.
Existing Investments in Crypto by Family Offices
More than half of the family offices consulted for the report revealed that they have already invested in digital assets, with 38% allocating less than 1% of their portfolio to these technologies. Despite the uncertain regulatory landscape surrounding cryptocurrencies, these offices see digital assets as important alternative investments.
Importance of Regulation and Market Guarantees
Mian Wong, advisory director of Grant Thornton Hong Kong, emphasized the need for government guarantees to ensure a stable virtual assets market. Grant Thornton Hong Kong has attracted over 30 family offices in Hong Kong and has received inquiries from offices across China, Southeast Asia, Europe, and the Middle East.
Few Family Offices Have Invested in Crypto, Says Goldman Sachs Survey
A separate survey conducted by Goldman Sachs found that out of 150 family offices polled, only 15% had invested in crypto and blockchain products. However, the survey highlighted that family offices are increasingly turning to crypto due to factors such as rising inflation and low interest rates.
Hot Take: Growing Interest in Crypto and Blockchain from Family Offices
The report by Grant Thornton showcases the growing interest of family offices in crypto and blockchain investments. Despite regulatory uncertainties, these offices see digital assets as an important part of their investment portfolios. With more family offices planning to increase their exposure to blockchain and cryptocurrency, it is clear that these technologies are gaining traction in the traditional finance space.
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