Cryptocurrencies are here to stay, they no longer exist only on the fringes of wealth and investment conversations.
Crypto ownership rates are at record levels worldwide. According to a global survey by Gemini, ownership rose by more than 80% in 2021ii. Ownership rates have hit 30% in Singapore, 24% in Hong Kong, 20% in the US, 18% in the UK and 17% in Germany.
This move opens the way for more individuals to qualify for accredited investor status. To participate in more sophisticated investment opportunities in the private markets.
Cryptocurrency will be recognised under net personal assets, the third criteria in order to qualify as accredited investors.
Bringing access to private markets to more people by bridging the traditional financial markets to the new, nascent and blooming market of cryptocurrency.