Aspen Digital: 74% of Family Offices in Asia Invest in Cryptocurrency
Date: 2024-10-17 Author: Oliver Abernathy Categories: BUSINESS
While only 58% of respondents said they invested in digital assets in 2022, this figure has grown to 74% in 2024, indicating that cryptocurrencies are becoming an integral part of investment strategies in the region.
Aspen Digital’s study covered 80 family offices and high-net-worth individuals across Asia. The majority of participants have assets in the range of $10 million to $500 million. While the share of cryptocurrency in their portfolios remains relatively small — about 70% of respondents invested less than 5% of their assets in digital currencies — some participants noted an increase in this figure to more than 10%.
Most family offices prefer to use crypto ETFs and private funds for their investments in digital assets. Of particular interest is the decentralized finance (DeFi) sector, which is becoming a key area for investment. In addition to DeFi, there is also a growing interest in projects related to artificial intelligence (AI) and blockchain infrastructure.
It should be noted that this trend is not limited to family offices. Recent data shows that almost half of traditional hedge funds are also starting to include cryptocurrencies in their investment portfolios, which highlights the importance of digital assets in the modern financial world.
Thus, cryptocurrencies continue to strengthen their position in the private capital market in Asia, attracting the attention of major players and becoming an important component of their investment strategies for the future.
