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Ernest & Young Hong Kong: The direction of Hong Kong market supervision is stable, and institutional investors are expected to increase their virtual asset allocation in 2-3 years

Chris Barford, head of data and analytics for financial services consulting at Ernest & Young in Hong Kong, said that institutional investors have started to pay attention to virtual assets. Ernest & Young's survey found that many institutional investors expect to increase their allocation to virtual assets in the next two to three years. If the assets under management exceed 500 billion US dollars, most will invest about 1% of their assets in some form of virtual currency, and most family offices are also involved in virtual currencies. Chris Barford mentioned that the direction of market supervision in Hong Kong is relatively stable, and the Hong Kong government has spent a lot of time and effort to establish these regulatory foundations. The next step is to focus on how the Financial Institution Group can achieve it technically. In the future, tokenization can be applied more to real estate. Even if you can't afford a real estate in Hong Kong, you can invest through tokenization to make a profit in real estate investment.