About 35% of family offices are looking to increase their investment in blockchain technology, while 27% plan to boost their cryptocurrency investments, reveals a Grant Thornton study. The report highlights that over half of these offices have already invested in virtual assets, yet a cautious 38% have allocated less than 1% of their portfolio to such investments. Mian Wong, advisory director at Grant Thornton Hong Kong, acknowledges the regulatory challenges facing cryptocurrencies, but emphasises the continued importance of virtual assets in alternative investments. She calls for government adaptation to the evolving tech landscape, advocating for necessary safeguards and a more orderly virtual asset market, especially after the expected issuance of platform licences in late 2024. Eugene Ha, deputy managing partner, notes the government’s proactive stance in attracting family offices for investment.
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