The fallout from the collapse of FTX will accelerate major regulation of the digital asset market, according to London-based Nickel Digital Asset Management (Nickel), Europe’s leading regulated and award-winning digital assets hedge fund manager, which was founded by Bankers Trust, Goldman Sachs and JPMorgan alumni.
Its study found 64 percent of institutional investors and wealth managers expected major regulatory change within nine months. Around 30 percent predicted major regulation will be implemented within the next six months, while 28 percent expected improved regulation within nine months to a year.
Nickel commissioned research with 200 institutional investors and wealth managers from across seven countries, who collectively manage around $2.85 trillion in assets. They were overwhelmingly positive on the impact of increased regulation — 75 percent believed robust regulation will boost investment by institutional investors and wealth managers in the sector.