In Germany, a law has come into force that allows special funds (Spezialfonds) to invest up to 20% of the volume of a managed portfolio in crypto assets.
The law applies to both existing Spezialfonds and new ones created by institutional investors such as financial institutions, insurance companies and pension funds. According to the CEO of the German company Distributed Ledger Consulting (DLC) Sven Hildebrandt, about 4 thousand investment funds will have access to investments in cryptocurrencies.
Within three years, through the Spezialfond, one can expect an inflow of investments into the German digital assets market from $ 100 to $ 657 billion.
“Spezialfonds now has about $ 1.8 trillion. It won’t happen overnight, but we’re talking about the largest investment vehicle we have in Germany – literally all the money is there, ”said Sven Hildebrandt.
A group of experts from the companies Mindsmith, OnGrid Systems, Tiger.Trade and DEKIS conducted a joint study on the extent to which investment funds of the German-speaking region (DACH) are ready to use crypto assets in their activities.
According to the results of the study, experts concluded that about 88% of investment funds in the DACH region do not invest in digital assets. Only 4% of the surveyed funds include digital assets in their portfolio.
7% are at a late planning stage or are considering investing in the digital asset market during 2021. The rest of the respondents do not consider such a possibility or are at different stages of interest.
About 14% of the surveyed foundations are interested in solutions in the field of decentralized finance. Experts believe that new legislation, as well as the introduction of central bank digital currencies (CBDCs) and the digital euro, will accelerate the development of the DeFi market. However, there is a fear that the digital euro, yuan and other digital currencies of the Central Bank will supplant stablecoins and serve as the basis of a regulated ecosystem. [де]centralized finance (CeDeFi).
Regulatory uncertainty was a key obstacle to digital asset investment for the majority (86%) of the surveyed funds.
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