According to industry experts, there is a growing interest in cryptocurrency and digital assets in Singapore and other parts of Asia. While traditional institutions have been slow to adopt these new technologies, there has been a surge in activity from non-traditional players such as investment funds, venture funds, hedge funds, family offices, and high net worth individuals.
Speaking on the matter, a prominent figure in the industry stated that many institutions in Singapore and Asia have not yet fully embraced the potential of crypto. While some traditional institutions have dipped their toes into the world of digital assets, their involvement has been limited. The real movement in Singapore, it seems, is coming from non-traditional players who are more willing to explore the opportunities presented by cryptocurrencies.
As the cryptocurrency market continues to evolve and mature, it is expected that more institutions in Singapore and Asia will start to take notice and get involved. With the potential for significant returns and the opportunity to diversify their portfolios, it is likely that we will see a growing number of traditional and non-traditional institutions alike entering the crypto space in the near future.
