Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto Family offices are increasingly considering boosting their investments in crypto and blockchain initiatives, according to a recent report by Grant Thornton. The professional services network, operating in over 147 markets, found that
35% of family offices plan to increase their exposure to blockchain investments. Additionally,
27% expect to raise their investments in cryptocurrency.
Nonetheless, these investment tools are not entirely new for family offices, as more than half had already invested some funds in crypto. Specifically,
38% of the offices had allocated less than 1% of their portfolio to these investments.
Mian Wong, advisory director of Grant Thornton Hong Kong, emphasized the importance of digital assets as alternative investments despite regulatory uncertainty. She called for government guarantees to ensure an orderly virtual assets market. Grant Thornton Hong Kong has attracted over 30 family offices in Hong Kong and received inquiries from offices across China, Southeast Asia, Europe, and the Middle East.
In June, a Goldman Sachs survey revealed that family offices were turning to crypto due to "higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus." However, only
15% of the 150 family offices polled by Goldman had invested in crypto and blockchain products.
