High-net-worth individuals in Hong Kong and Singapore are eager to invest in cryptos despite the prolonged bear market
A recent survey from KPMG suggests that over 90 percent of family offices and high-net-worth individuals (HNWI) are either interested in investing in the digital assets field or have already done so. This suggests that Hong Kong and Singapore's wealthy elite look at digital assets with zeal.
Up to 58 percent of family offices and HNWI respondents to a recent poll are already investing in digital assets, and 34 percent "plan to do so," according to a research published on October 24 by KPMG China and Aspen Digital titled "Investing in Digital Assets."
Thirty family offices and HNWIs in Hong Kong and Singapore participated in the poll, with most respondents managing assets between $10 million and $500 million.
According to KPMG, the significant adoption of crypto assets by the ultra-wealthy has boosted industry confidence due to a rise in "mainstream institutional attention."