A survey of over 70 DACH-focused funds, jointly conducted by MINDSMITH, OnGrid Systems, DEKIS and TigerTrade, showed that 46% are interested in digital assets and are ready to explore the digital asset market. Within three years, we can expect an influx of $ 100 To $ 657 billion in the digital asset market only from the DACH region.
MOSCOW, August 3, 2021 / PRNewswire / – THE MIND, a technological think tank; OnGrid Systems, developer of blockchain and decentralized finance platforms; DEKIS, an interdisciplinary research group of Catholic University from Ávila; and TigerTrade, an international trading platform, conducted a survey of experts and representatives of investment funds present in the German-speaking region of Europe, scheduled to coincide with the introduction of the new law on the location of funds. Starting with August 2, 2021, national special funds are allowed to invest up to 20% of the assets under management in crypto assets such as Bitcoin.
1. Around 88% of DACH-focused funds do not currently invest in digital assets; however, almost half (46%) of DACH-focused funds have some interest in digital assets and are willing to look into it. 7% of respondents are currently at a late planning stage and plan to invest in the digital asset market during 2021. Only 4% are currently investing or including digital assets in their portfolio. New regulations and the introduction of central bank digital currencies (CBDCs) and the digital euro will accelerate adoption.
2. Regulatory uncertainty has become a major barrier to investing in digital assets for the majority (86%) of DACH-focused funds. However, it is now that the market is experiencing significant progress in this area. Regarding the lack of service providers and the availability of infrastructure, which has become an obstacle for 57% of respondents, the market has also seen significant progress from regulators in recent times.
3. Up to 14% of respondents are interested in decentralized financing solutions (DeFi). This could open a window of opportunity at the intersection of blockchain and CBDCs. The big question is: what stablecoins will form the basis of the regulated DeFi ecosystem? Chances are, the digital euro in addition to digital dollars, the digital yuan and other CBDCs will do the job.
The report is available for download: https://mindsmith.io/en/investment-study-dach/
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DACH digital investment survey 2021
46% of investment funds are interested in digital assets and are ready to explore the digital asset market