Nomura Securities and its digital asset subsidiary, Laser Digital, conducted a survey from April 15 to April 26 of 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 with plan to invest in digital assets within the next three years.
The survey revealed that 54% of respondents plan to invest in cryptocurrencies within the next three years, and 25% of companies expressed a positive attitude towards digital assets. Additionally, 62% of respondents view cryptocurrencies as an opportunity for diversified investment, alongside cash, stocks, bonds, and commodities.
Furthermore, respondents indicated that their preferred allocation for digital assets is 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 investing 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 collateralized and lending products. The survey also showed that about half of the respondents hope to invest directly in Web3 projects or through venture capital funds.
However, barriers such as counterparty risks, high volatility, and regulatory requirements continue to be significant obstacles for some investment managers when it comes to investing in digital assets.