Nomura and its digital asset subsidiary Laser Digital surveyed 547 Japanese investment managers, including institutional investors, family offices and public service companies, between April 15 and April 26. The survey found that more than half of the Japanese investment managers they spoke to planned to invest in digital assets within the next three years.
The survey showed that 54% of respondents intend to invest in cryptocurrencies within the next three years, and 25% of companies expressed a positive attitude towards digital assets. 62% of respondents see cryptocurrencies as an opportunity to diversify their investments and are considered an investment asset class alongside cash, stocks, bonds and commodities.
Additionally, respondents said their preferred allocation to digital assets is 2%-5% of total assets under management (AUM), with nearly 80% saying they would invest within a year.
On the other hand, for those already involved in cryptocurrencies or considering investing in digital assets, the main driver of future investment is the development of new products, including exchange-traded funds (ETFs), investment trusts, and staking and lending products. The survey also shows that about half of the respondents want to invest directly in Web3 projects or invest through venture capital funds.
However, entry barriers including counterparty risk, high volatility and regulatory requirements remain major barriers to investing in digital assets for some investment managers.
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