Honk Kong and Singapore are looking for crypto investments

Honk Kong and Singapore are looking for crypto investments

26 October 2022

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The cryptocurrency industry is in expansion directed by investors which are interested in branch out their portfolio.

Honk kong and Singapore, in particular the majority of family offices and high-net-worth individuals, are investing in crypto. 

A report said that 92% of the interlocutors in Honk Kong and Singapore are interesting in crypto finance. 58% of super-rich already investing in crypto world. 34% will invest. 

Singapore’s bigger bank - DBS - reveled that is expanding crypto services on its digital trade: 100.000 super-rich consumers was classed as accredited investors. 

The Monetary Authority of Singapore (MAS) has been increase crypto business for accredited investors. Now in the city-state is consenting to supply Digital Payment Token services. 

“We have seen a huge increase of institutional investor interest in digital assets. For the Asian private wealth management industry, digital assets represent an emerging asset class with opportunities that are unrivaled within other financial products” - said the CEO of the crypto Aspen Digital. 

SOURCE: South China Morning Post

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