EY Hong Kong: Many interviewed institutions expect to increase virtual asset allocation in 2-3 years

Chris Barford, head of data and analytics at EY Hong Kong Financial Services Consulting, said that institutional investors have begun to pay attention to virtual assets. EY's survey found that many institutional investors expect to increase their allocation to virtual assets in the next 2 to 3 years. If the assets under management exceed US$500 billion, most of them will invest about 1% of their assets in some form of virtual currency, and most family offices also dabble in virtual currency. Barford mentioned that the direction of market regulation in Hong Kong is relatively stable. The Hong Kong government has spent a lot of time and energy to establish these regulatory foundations. The next step is to focus on how financial institutions can achieve this technically. In the future, tokenization can be applied more to real estate. Even if you can't afford to buy a house in Hong Kong, you can invest through tokenization and make a profit from real estate investment. (Hong Kong Economic Journal)