{"id":68225,"date":"2022-10-28T09:01:58","date_gmt":"2022-10-28T09:01:58","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=68225"},"modified":"2022-10-28T09:01:58","modified_gmt":"2022-10-28T09:01:58","slug":"study-finds-nearly-60-of-hong-kong-and-singapores-super-rich-have-invested-in-digital-assets","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=68225","title":{"rendered":"Study Finds Nearly 60% of Hong Kong and Singapore\u2019s Super Rich Have Invested in Digital Assets"},"content":{"rendered":"

\"\"<\/p>\n

According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong\u2019s family offices and high-net-worth individuals have invested in digital assets. Reports suggest the info shows the crypto market downturn has not diminished the super-rich\u2019s interest in digital assets, and is unlikely to dissuade them from increasing their holdings of these assets.<\/strong><\/p>\n

Singapore and Hong Kong\u2019s Super-Rich Increasingly Interested in NFTs<\/h2>\n

Nearly 60% of family offices and high-net-worth individuals (HNWI) from Hong Kong and Singapore have invested in digital assets, while 34% are planning to do the same, a new study has found.<\/p>\n

Besides holding BTC<\/a> and ETH<\/a>, the study found the two regions\u2019 super-rich have also shown increased interest in non-fungible tokens (NFTs) and decentralized finance (defi) products. Commenting on the study\u2019s findings, jointly published by KPMG China and Aspen Digital, the latter firm\u2019s CEO Yang He said:<\/p>\n

\n

NFTs have seen an explosion in interest since 2021, while the interest in Defi began in 2020 and remains interesting.<\/p>\n<\/blockquote>\n

According to a South China Morning Post report<\/a>, among the 30 family offices and HNWIs that participated in the study, more than 60% had assets under management (AUM) that ranged between $10 million and $500 million. As noted in the report, the two regions\u2019 super-rich were not dissuaded from investing in crypto assets by the market\u2019s downturn.<\/p>\n<\/p>\n

Family Offices May Allocate More to Digital Assets<\/h2>\n

Meanwhile, the Aspen Digital CEO reportedly said he expects the rich families from these regions to increase the proportion of their wealth invested in digital assets. Yang He\u2019s sentiments are echoed by Paul McSheaffrey, senior banking partner at KPMG China. He said the high likelihood of upside is what may prompt wealthy families to allocate more to digital assets.<\/p>\n

\u201cFor HNWIs and family offices, there is [a] real possibility of a big upside, so they may think why not stick 2 or 3 per cent of my portfolio in that and see what happens,\u201d McSheaffrey said.<\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n

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According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong\u2019s family offices and high-net-worth individuals have invested in digital assets. Reports suggest the info shows the crypto market downturn has not diminished the super-rich\u2019s interest in digital assets, and is unlikely to dissuade them from increasing […]<\/p>\n","protected":false},"author":2,"featured_media":68226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-68225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/68225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68225"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/68225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/68226"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}