Despite the market volatility of digital currencies over the previous two years, family offices and the ultra-rich of Hong Kong and Singapore have indicated interest in diversifying their portfolio of assets with the unique asset class. According to a KPMG survey, more than 90% of family offices and rich individuals in Singapore and Hong Kong are considering or are currently investing in bitcoin. KPMG China and Aspen Digital released their study called Investing in Digital Assets. It revealed that up to 58% of survey participants' family offices (FOs) and high-net-worth individuals (HNWIs) are currently investing in digital assets, and 34% intend to do so. The bulk of the 30 Hong Kong and Singaporean family offices and high-net-worth individuals (HNWIs) questioned handle assets ranging from 10 million USD to 500 million USD.

According to KPMG, the broad adoption of cryptocurrencies by the ultra-wealthy has boosted industry confidence, which has been fuelled by a rising trend in mainstream institutional interest. Furthermore, it stated that institutions now have wider access to digital asset-related financial products, including regulated goods. DBS, Singapore's largest bank, stated in September that it will provide cryptocurrency trading services to about 100,000 of its wealthiest clients through its digital exchange (DDEx). 

Sources:

https://www.financialexpress.com/blockchain/hong-kong-and-singapores-mega-rich-are-eyeing-crypto-investments-kpmg/2738542/

https://www.investing.com/news/cryptocurrency-news/hong-kongs-super-rich-show-interest-in-crypto-2920934 

https://finbold.com/interest-in-bitcoin-and-nfts-surges-among-the-super-rich-in-hong-kong-and-singapore/

https://dailycoin.com/hong-kongs-super-rich-show-interest-in-crypto/