Singapore, HK family offices' appetite for digital assets dims

Family offices on Singapore and Hong Kong appear to be taking a dimmer view of digital assets, despite early signs that the “crypto winter” of the past year may be undergoing something of a thaw. “If the crypto market was on fire, family offices would say, ‘Right, we can see the profit there’,” Tuck Meng Yee, founder of Singapore based single-family office JRT Partners, told AsianInvestor. “But right now, they can’t see any profit in it, so why bother incurring the cost?” T…