S’pore investors boost crypto confidence despite security and custody concerns: report

Sixty-five percent of Singapore investors reported an increased risk appetite for the asset class.

Singapore investors show strong interest in crypto investments, with 57% planning to increase their long-term allocations, according to the latest data from Sygnum.

Sygnum revealed that 65% of Singapore investors have an increased risk appetite for the asset class, driven by long-term confidence in the crypto megatrend and its diversification potential, with 73% stating that crypto ETFs have bolstered their confidence.

Primary motivations include exposure to the crypto megatrend (56%), portfolio diversification (41%), yield generation (39%), and availability of institutional-grade products (37%).

The report also showed that Singapore investors are less likely to view regulatory uncertainty as a primary barrier to entry, with 75% stating that regulatory clarity has improved.

Meanwhile, security and custody concerns remain the largest barrier to institutional crypto adoption in Singapore (45%), followed by a lack of information and understanding (41%) and asset volatility (41%). 

In addition,  90% of Singapore investors indicated that access to better information and insights would encourage further investment in crypto.

Sygnum surveyed over 400 respondents with an average of 10+ years of investment experience. Among these, 121 respondents were based in Singapore.