Prospects for Crypto Investments in Hong Kong: Chris Barford's View
Date: 2024-06-11 Author: Henry Casey Categories: IN WORLD
Hong Kong Institutional Investors
The Hong Kong cryptocurrency market is becoming a focus for major players, according to Chris Barford, based on research from Ernst & Young. The relatively stable regulation of the crypto world in this region is attracting the interest of a significant number of institutional investors and large family funds who are willing to invest significant sums in various digital assets.
Burford points to the confidence of major players that the profitability of cryptocurrency assets may in the future exceed the profitability of traditional financial instruments. He predicts that investment in digital assets by institutional investors and family funds in Hong Kong could reach a whopping $500 billion in the next two to three years.
Barriers and Prospects
However, Burford emphasizes that for cryptocurrencies to become a truly attractive asset class, Hong Kong regulators need to offer effective investment protection and risk management tools.
Earlier, Ernst&Young Global introduced the EY OpsChain Contract Manager (OCM) solution, based on the Ethereum blockchain, to manage business operations and reduce related costs. This confirms the trend towards technological advancement and adoption of blockchain in business processes.
