Laser Digital, Nomura’s digital asset subsidiary, commissioned an independent global survey with professional investors in 21 countries.
They work for pension funds, wealth managers, family offices, hedge funds and investment funds, insurance asset managers and sovereign wealth funds.
Collectively, they help manage around $4.956 trillion in assets and work in Europe, the Middle East, the US, China, Hong Kong, Singapore, South Africa and Brazil covering all major financial centres with a wide range of approaches to the digital assets sector.
Key findings from the research include:
• Investors overwhelmingly regard digital assets as a major part of the investment landscape – 96% of those questioned see digital assets as representing an investment diversification opportunity alongside traditional asset classes such as fixed income, cash, equities and commodities
• Investors would like to see digital assets more closely integrated with traditional assets. More than nine out of 10 (91%) questioned want to see digital assets combined with other traditional asset classes to produce ‘all-weather’ income strategies to help cope with the risk of inflation and the debasement risk of fiat currencies
• Around 90% said that it is important to have the backing of a large traditional financial institution for any digital asset fund or investment vehicle before they or their clients would consider putting money into it
• More than four out of five (82%) professional investors interviewed are positive about the digital asset class in general and Bitcoin and Ethereum in particular over the next 12 months. Just 3% of respondents are negative about the outlook for the sector while 15% are neutral.
• Around nine out of 10 (88%) say they or their clients are currently considering investing in digital assets
• Nearly half (48%) regard the Bitcoin and Ethereum as providing a foundation of the Web 3.0 economy and therefore representing a long-lasting source of investment opportunities. Another quarter (26%) believe they represent a long-lasting source of investment opportunities while also being highly speculative assets while 26% view them simply as highly speculative assets
• They are not just focused on the big two cryptocurrencies – 88% of those questioned said they saw value in being exposed to other carefully-chose cryptocurrencies beyond Bitcoin and Ethereum. Just 12% saw no value in expanding into other cryptocurrencies