A survey by Nomura and its digital assets arm, Laser Digital, indicates that institutional investors are increasingly embracing digital assets, driven by improving sentiment and the emergence of new use cases. The study, which gathered responses from over 500 investment professionals in Japan, found that 31% of participants now have a positive outlook on crypto for the upcoming year, up from 25% in 2024. Meanwhile, negative sentiment has decreased, suggesting a gradual shift in perception as the asset class matures. The key theme of diversification is prominent, with 65% of respondents viewing crypto as a vital portfolio diversifier.
Of those considering investment, 79% plan to invest within the next three years, with most expecting modest allocations of between 2% and 5%. This shift is supported by a changing regulatory landscape, with policymakers in Japan refining crypto frameworks over the past year.
Globally, clearer regulations and the expansion of crypto investment products have reduced uncertainty, prompting institutions to move beyond simple price exposure. Over 60% of respondents expressed interest in staking, lending, derivatives, and tokenized assets, reflecting a growing demand for yield-generating strategies and sophisticated portfolio construction. Stablecoins are also gaining traction, with 63% of respondents identifying potential use cases such as treasury management and cross-border payments. Despite remaining barriers like volatility and regulatory uncertainty, the survey suggests a shift in the conversation, with institutions now focused on how to invest in crypto, indicating that digital assets are becoming a standard component of institutional portfolios.