family office

Citibank Survey: Family Offices' Investment in Cryptocurrency Doubles Year-on-Year

ChainCatcher news, according to Citibank's "2024 Global Family Office Survey," the number of family offices optimistic about cryptocurrencies has doubled this year from 8% last year to 17%, with direct investment remaining their preferred investment method.The report indicates that family offices' interest in digital assets continues to grow from a low base. Whether large family offices with assets under management exceeding $500 million or small family offices with less than $500 million, the level of interest in digital assets is similar, with direct cryptocurrency investments and cryptocurrency-related investment funds being their top priorities.Compared to small family offices, large family offices show greater interest in tokenized real-world assets (RWA), with 11% of large family offices having exposure to cryptocurrencies, while the figure for small family offices is only 3%. On the other hand, small family offices have a greater demand for derivatives, with 8% holding exposure to these products, compared to 3% for large family offices.The Asia-Pacific region is leading in digital asset adoption, with 37% of family offices investing in or interested in investing in digital assets. One in every 20 family offices in the region reports that digital assets account for more than 10% of their investable assets. Meanwhile, family offices in Latin America show the least interest, with 83% of family offices not prioritizing allocations to digital assets.
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