Professional and institutional investors in Singapore are looking to make cryptocurrency a bigger part of their portfolios in 2025, buoyed by better sentiments.
A poll by Singapore- and Zurich-based digital asset banking group Sygnum released on Nov 14 found that more than half, or 57 per cent, of the 121 Singapore-based respondents intend to raise their crypto allocations.
This is higher than the global average of 47 per cent.
About 65 per cent of the Singapore-based participants said they have greater risk appetite for cryptocurrencies.
The key reasons for increasing their crypto investments are the long-term investment case for digital assets and blockchain technology, portfolio diversification and yield generation.
The survey also found that the crypto industry's lack of regulatory clarity is no longer a top barrier to entry for Singapore investors.
Only 30 per cent of respondents chose this as a primary barrier, compared with 45 per cent who cited security and custody concerns. Custody refers to the methods used to protect crypto assets from threats such as scammers and hackers.
Diese Geschichte stammt aus der November 14, 2024-Ausgabe von The Straits Times.
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