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Report: Hnwis in Hong Kong, Singapore Have Turned to Digital Assets

By Simon LawsonOctober 24, 20221 Min Read
Report: Hnwis in Hong Kong, Singapore Have Turned to Digital Assets
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According to a joint study published, the majority of family offices and high net worth individuals (HNWIs) from Hong Kong and Singapore have turned to digital assets.

shrugged off the market turmoil of the past two years. About 58% of them are investing in digital assets, and 34% are preparing to enter this market.

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Of the 30 family offices and HNWIs in the two cities, more than 60% had assets under management ranging from $10 million to $500 million.

Of these, Bitcoin BTC 0.19% and ETH 0.55%/">Ethereum were the most frequently invested assets, while NFTs and DeFi saw the fastest growing interest among respondents.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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