Citibank Says Family Office Interest in Crypto Assets Continues To Increase, Especially in One Region

Household workplaces’ curiosity in crypto belongings is rising, based on a survey by the fourth-largest financial institution within the US by complete belongings, Citibank.

Citibank’s International Household Workplace 2024 analysis report say that roughly 25% of taking part household workplaces had “already invested or had been planning to put money into digital belongings.”

The survey attracted responses from 338 household workplaces, a 3rd of which had been situated in North America and the rest in the remainder of the world.

“The early adopter class (17%) is prone to develop within the coming years as they’ve already made some allocations to digital belongings or crypto-related investments. An additional 10% of household workplaces had been ‘digital asset curious’, which means they’re contemplating an allocation however are nonetheless researching the subject or looking for recommendation.

Household workplaces within the Asia Pacific area had been essentially the most lively in investing in digital belongings, based on the survey.

“Asia Pacific led the best way in digital asset adoption, with 37% of respondents investing or concerned with investing. One in twenty household workplaces in that area reported greater than 10% of investable belongings in digital belongings. In distinction, Latin American household workplaces had been the least , with 83% not but prioritizing an allocation to this space.”

The survey exhibits that round 24% of household workplaces are concerned with investing instantly in crypto belongings, whereas 18% desire crypto-linked funding merchandise equivalent to exchange-traded funds (ETFs).

“On the identical time, two-thirds of contributors had been not sure which digital asset product they wished to discover, underscoring household workplaces’ continued want for training about this rising asset class.”

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