Chris Barford cited Ernst & Young research, noting that amid relatively stable regulation of the crypto market in Hong Kong, a significant number of institutional investors and large family funds have expressed a willingness to invest about 1% of their funds in various digital assets.
Large investors believe that the return on virtual assets may in the future exceed the return on traditional financial market instruments. Burford predicts that investment in digital assets by institutional investors and family funds in Hong Kong could reach $500 billion in the next two to three years.
Burford said crypto assets would become a particularly attractive asset class if Hong Kong regulators could offer investors effective investment protection and risk management tools.
Earlier, Ernst&Young Global announced the launch of the EY OpsChain Contract Manager (OCM) solution based on the Ethereum blockchain to conduct business transactions and reduce associated costs.
Source: Bits
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