Institutional Investors Increasingly Eyeing Virtual Assets, Says Chris Barford

According to Odaily, Chris Barford, the head of financial services consulting data and analysis at Ernst & Young Hong Kong, has stated that institutional investors are beginning to pay attention to virtual assets. Ernst & Young's research has found that many institutional investors are expected to increase their allocation to virtual assets in the next two to three years. If the assets under management exceed $500 billion, most will invest about 1% of their assets in some form of virtual currency. Furthermore, many family offices are also involved 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 effort to establish these regulatory foundations. The next step is to focus on how financial institutions can achieve this technologically. In the future, tokenization can be applied more to real estate. Even if you can't afford to buy a building in Hong Kong, you can invest through tokenization and profit from real estate investment.