Nomura Securities and its digital asset subsidiary, Laser Digital, conducted a survey from April 15th to April 26th among 547 Japanese investment managers, including institutional investors, family offices, and public service companies. The survey found that over half of the Japanese investment managers they spoke to plan to invest in digital assets within the next three years.
The survey revealed that 54% of respondents intend to invest in cryptocurrencies in the next three years, with 25% of companies expressing a positive attitude towards digital assets. 62% of respondents see cryptocurrencies as an opportunity for diversified investments, alongside cash, stocks, bonds, and commodities as asset classes.
Furthermore, respondents indicated their preferred allocation to digital assets as 2%-5% of their assets under management (AUM), with nearly 80% stating they would invest within a year.
On the other hand, for those already involved in cryptocurrencies or considering investments in digital assets, the main drivers for future investments are the development of new products, including exchange-traded funds (ETFs), investment trusts, as well as collateral and lending products. The survey also showed that approximately half of the respondents are interested in direct investments in Web3 projects or through venture capital funds.
However, barriers such as counterparty risks, high volatility, and regulatory requirements still remain significant obstacles for some investment managers when it comes to investing in digital assets.
