Singapore Institutional Investors Plan To Increase Cryptocurrency Holdings

According to PANews, a recent survey by Sygnum Future Finance reveals that 57% of institutional investors in Singapore intend to increase their long-term cryptocurrency allocations. This figure surpasses the average of 47% reported in the survey. The participants of this survey included Sygnum's institutional client base and investors, as well as various investment professionals from banks, hedge funds, multi-family and single-family offices, DLT foundations, funds, and asset management companies. The primary motivation for these investors to enhance their cryptocurrency investments is their positive outlook on the industry's long-term growth trends. This sentiment reflects a growing confidence in the potential of digital assets and blockchain technology to transform financial markets and investment strategies. As the cryptocurrency market continues to evolve, institutional investors in Singapore are positioning themselves to capitalize on these developments by increasing their exposure to digital currencies.