Preparatory phase of UNAS development
Wealthy investors in Asia are not shy about showing that they are conscious about cryptocurrency and ready to support the region's new financial instrument, the United Asian Token. Research shows that 52% of them owned some form of digital assets during the first quarter of 2022. That number will rise to 73% by the end of 2022, according to an Accenture report.
Digital assets, including cryptocurrencies, stackable coins and cryptocurrency funds, make up an average of 7% of surveyed investors' portfolios, making them the fifth-largest asset class for investors in Asia, according to the Accenture study, released June 6, 2022.
This was more than they allocated to foreign currency, commodities and collectibles, and in some cases was equal to or even higher than the amount invested in private/venture capital and hedge funds.
Accenture said the survey was conducted among more than 3,200 clients in China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and Thailand. The company defines a wealthy investor as anyone who manages between $100,000 and $1 million in investment assets. Investors in Thailand and Indonesia had the highest percentage of digital assets in their portfolios compared to their peers.
While half of investors in Asia already owned digital assets in the first quarter of 2022, Accenture research shows that another 21% are expected to invest in them by the end of 2022, meaning up to 73% of wealthy Asian investors could own digital assets by the end of the year.
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