Nomura Holdings, Japan’s largest securities firm, and its digital assets division, Laser Digital, have released the results of a survey which shows that over half of the surveyed investment managers plan to invest in cryptocurrencies in the next three years.
The survey, conducted in April with over 500 investment managers in Japan, reveals that 54% of the participants are considering investing in cryptocurrencies in order to stabilize their portfolios. They aim to achieve this by diversifying their investments and hedging against inflation.
Approximately 25% of the respondents express a positive attitude towards cryptocurrencies, particularly Bitcoin and Ethereum, while 60% view crypto assets as a valuable opportunity for diversification.
This survey follows the approval of a proposal by the Japanese cabinet to include cryptocurrencies in the list of assets that local limited liability investment companies can acquire or hold. According to a separate statement by Nomura on Monday, a review of the Limited Partnership Act is expected later this year.
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While Bitcoin and Ethereum may be stabilizing, the threats to other parts of the market are not yet over.
The survey also shows that for those currently investing in crypto assets or considering investing in them, the main motivations for future investments include the development of various financial products such as exchange-traded funds, investment trusts, staking, loans, and other related products.