Citi survey reveals family offices doubled down on crypto year-over-year

The variety of household places of work optimistic about crypto has greater than doubled from 8% to 17% this 12 months, with direct publicity being their most well-liked type of investing, in response to Citi’s “International Household Workplace 2024 Survey Report.” published on September 20.

The report exhibits that curiosity in digital belongings continues to extend from a low base. Each massive and small household places of work – these with much less and greater than $500 million in belongings underneath administration, respectively – confirmed related curiosity in digital belongings, with direct crypto and crypto-linked funding funds being high priorities.

A couple of quarter of respondents had already invested or deliberate to spend money on digital belongings, with 17% categorized as early adopters and 10% as ‘digital asset curious’.

Curiously, most early adopters appear to be experimenting with crypto, as 15% of them spend lower than 5% of their portfolio on crypto.

Household places of work want direct publicity

Household places of work nonetheless want direct publicity to crypto, with 24% of entities surveyed investing straight in digital belongings. In the meantime, 18% of household places of work reported publicity by exchange-traded funds (ETFs).

Giant household places of work are extra curious about tokenized real-world belongings (RWA) than their smaller counterparts, with 11% of huge entities reporting publicity to crypto, in comparison with 3% for the latter.

However, small household places of work have a larger want for derivatives: 8% have publicity to those merchandise, in comparison with 3% of bigger entities.

Moreover, regardless of comparable publicity by stablecoins, the variety of small household places of work uncovered to non-fungible tokens (NFT) is 4 instances greater than bigger corporations.

Asia-Pacific leads in curiosity

The report additionally highlighted that household places of work nonetheless lack correct schooling about crypto, as two-thirds of individuals nonetheless have not determined which digital asset product to discover.

Asia Pacific led the best way in digital asset adoption, with 37% of household places of work investing or curious about investing in digital belongings. One in twenty household places of work within the area reported greater than 10% of investable belongings in digital belongings.

In the meantime, Latin American household places of work confirmed the least curiosity, with 83% not prioritizing a digital asset allocation.

Whereas the general development exhibits elevated curiosity, the report additionally famous that the share of these planning to extend their allocations, minus these planning to lower, was unfavourable (-11%) for digital belongings. This implies there’s extra curiosity in decreasing publicity than growing it, regardless of the bullish sentiment available in the market.

Moreover, the Citi report highlights that crypto just isn’t a precedence for a major majority (73%) of household places of work surveyed.

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