While only 19% of family offices in Asia-Pacific (APAC) invest in cryptocurrency, 53% of the respondents in the region see cryptocurrency as a promising investment, says the APAC edition of The Global Family Office Report: Regional Series. Campden Wealth and Raffles Family Office led the research. The average family represented in The Asia-Pacific Family Office Report has USD 1.6 billion in wealth.
Chin-man Kwan, Group CEO and Co-Founder, Raffles Family Office, says the key findings from the report validated many shifts they have witnessed and made provisions for in the course of the business. “Chief among these shifts is the increased appetite for growth-oriented investments. We have seen an especially strong preference for private equity deals in Asia and are receiving a growing number of inquiries relating to digital assets.”
Brynne Kennedy, an investor, entrepreneur, partner at BCP Blitz, said the crypto investment space was very interesting. She highlighted investors who were getting a toehold with potentially rapid high yields as a motivator. “On my personal front, I’m looking at putting 10% or so allocation into crypto. I think it’s an opportunity to achieve high returns with shorter timelines. I think with the volatility, which I say from a positive perspective, on crypto played right, you can achieve higher returns in a shorter period.” Geoffroy Dedieu, head of the family office, Europe at Family OfficeHK/Invest Hong Kong, said cryptocurrencies were all the rage for the next generation in Asia-Pacific family offices.
The report highlights that more than one-third of family offices in APAC plan to increase their investment in cryptocurrency in 2022. This is significantly higher than expected allocations to cryptocurrency in Europe and North America. It noted that rising asset prices, unprecedented stock market gains, followed by the tech boom and record deal-making, as well as valuations in private markets were some of the factors behind the increases.
