Nickel: Institutional investors are confident in crypto regulation
Institutional investors and wealth managers are confident regulators are committed to robust action in the crypto and digital assets sector, according to new global research by London-based Nickel Digital Asset Management.
However, its survey found that concerns about the risk of bad actors in the sector such as FTX are still an issue with one in five (22%) saying they believe the risk has increased.
The research with executives at pension funds, family offices, insurance asset managers, hedge funds and wealth managers based in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates that collectively manage around $14 trillion found they were unanimous in their belief that regulators are committed to more robust regulation in the sector.
More than a third (35%) believe global regulators are very committed to developing tougher rules while 65% say regulators are quite committed to robust action.
Nickel’s study found more than two-thirds (68%) believe the risk of an FTX-style rerun has fallen with 13% believing the risk has fallen sharply. Around 10% believe the risk of bad actors in the sector has not changed despite recent regulatory action.