More than 75% of family offices see benefit in crypto, BNY Mellon finds

A new study from the investment banking services firm BNY Mellon found that 77% of family offices are interested in or are involved in crypto. 

What’s more, 40% thought crypto was important to augmenting their investment strategy and over 66% intended to increase their crypto holdings within the next 12 to 24 months. 

The BNY Mellon’s survey process involved 200 participants, which included 56 single-family offices and 144 multi-family offices, all managing over $150 million in assets. 

Half of the participants were from the United States, with others from the United Kingdom, Canada, Australia, South Africa, Italy, Germany, India, Brazil, and others. The data collection occurred between October 14 and November 8 of 2021. 

The family offices’ main motivations for crypto investments were to follow the latest investment trends and the belief that crypto offers a good investment opportunity. 

BNY Mellon is based in New York and has $46.7 trillion assets under custody and $2.4 trillion assets under management across 35 countries, according to the firm’s website.