Digital assets ‘here to stay’ as family offices increase exposure

Family offices have increased their exposure to digital assets over the past five years and believe they are “here to stay”, a study from Ocorian has revealed.

Its global research of family members, senior family office employees, and intermediaries working for family offices found that 78 per cent said the level or value of digital assets they hold has risen over the past five years.

This included around one in seven (15 per cent) that stated their family office’s exposure to digital assets had increased significantly.

Almost one in five (18 per cent) said their allocation to digital assets had remained the same over the past five years, while 3 per cent said it had fallen.

Ocorian emphasised the digital assets trend was not showing signs it would fall out of favour, with 97 per cent of family offices saying that digital assets were here to stay, compared to 1 per cent who said they were not.

This was being supported by the professionals and third-parties working for family offices, as 96 per cent of family offices said their intermediaries were adapting to meet the growing trend of investing in digital assets.

“Investing in digital assets has grown exponentially over the past few years, and our research reveals that this is showing no sign of slowing,” commented Ocorian commercial director – Middle East, Leevyn Isabel.

“As well as predictions from family offices themselves that this trend will continue, professionals and intermediaries are adapting and changing to ensure that they are offering the very best and latest services to support family offices investing in crypto and other digital assets.”

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