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Regulatory uncertainty hinders digital asset investment in SG

Investors (48%), however, believe regulators are committed to improving regulations.

Despite having a positive outlook on digital assets, several institutional investors in Singapore still hesitate to invest in them.

Data from Nickel Digital Asset Management (Nickel) showed that seven in 10 institutional investors are sceptical about investing in digital assets due to regulatory uncertainty, whilst some are concerned about volatility (44%) and security (28%).

Investors, however, are positive that regulatory uncertainty will be diminished, with 48% believing that regulators are “very committed” to improving regulation.

Whilst having scepticism, the majority (92%) of institutional investors and wealth managers in Singapore believe investment opportunities in the sector are attractive on a 12-month view.
 

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