World Crypto Global
- Written by: Damian Chmiel
- Mon, 24 Jun 2024
- Israel
Over halfof Japanese institutional investors plan to invest in digital assets within thenext three years, according to a new survey by Nomura Holdings and itsdigital asset subsidiary Laser Digital.Japanese InstitutionalInvestors Warm to Digital Assets, Survey FindsThe study,which polled more than 500 investment managers from institutions, familyoffices, and public-service corporations in Japan, reveals a growing appetitefor crypto assets among traditional financial players.Of thosesurveyed, 54% indicated they intend to invest in crypto assets over the nextthree years. Additionally, 25% of respondents reported a "positive"impression of crypto assets, while 62% view them as a diversificationopportunity.The surveyfound that investors considering crypto allocations prefer a 2-5% range ofassets under management. Respondents cited the development of variousinvestment products, including ETFs, investment trusts, and stakingopportunities, as key drivers for future investment.Interestingly,about half of the respondents expressed interest in investing in Web3 projects,either directly or through venture capital funds. This interest could bebolstered by an expected revision to Japan's Limited Partnerships Act laterthis year, which would add crypto assets to the list of permissible investmentsfor limited partnerships.Nomura and @LaserDigital_ conducted a survey of over 500 investment managers in Japan on investment trends and intentions towards digital assets, and issues when considering investing in crypto assets. Click here for the full survey results: https://t.co/bJ5iDnjWqP pic.twitter.com/5BT89QWBWw Nomura (@Nomura) June 24, 2024However,the survey also identified several barriers to entry for those not currentlyconsidering crypto investments. These include concerns about counterparty risk,high volatility, and regulatory requirements.The surveyresults come as Japan continues to position itself as a hub for digital assetinnovation, with recent regulatory changes aimed at fostering growth in thesector while maintaining investor protections.As thedigital asset landscape evolves, the development of a stablecoin for use in theJapanese market will be key to expanding the accessibility and adoption ofdigital assets in Japan and beyond, commented Steve Ashley, the ExecutiveChairman at LaserDigital.Hiscomment, however, did not appear alongside the publication of the currentsurvey results but rather with last month's news that Laser Digital was amongthe three companies aiming tooffer "stablecoin-as-a-service" in Japan.Thisproject has the potential to greatly enhance digital asset accessibility andinnovation in the Japanese financial landscape, Ashley added.A week ago,Nomuras digital assets arm alsoinformed that it received a Financial Services Permission (FSP) from theFinancial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market(ADGM). The new authorization allows the company to offer broker-dealer andasset management products for traditional and virtual assets in Abu Dhabi.This article was written by Damian Chmiel at www.financemagnates.com.
