Nickel digital announces plans to focus on the Middle East

Nickel digital announces plans to focus on the Middle East

London-based Nickel Digital Asset Management (Nickel), Europe's largest regulated and award-winning digital assets hedge fund manager founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan, has announced plans to make Middle East one of its top priority markets. Nickel's clients include institutional investors, global wealth managers and ultra-high net worth individuals from around the world. Nickel Digital recently commissioned a survey with 20 institutional investors and wealth managers in the UAE who collectively oversee $41 billion in assets and who currently have some exposure to digital assets. The survey revealed that 10 of those interviewed expect to dramatically increase their exposure to cryptoassets between now and 2023, and the other 10 said they will also add to the exposure. The three main reasons given for greater allocation to digital assets is the structural long-term capital appreciation prospects of cryptoassets - the view cited by 12 of the 20 UAE-based professional investors. This is followed by nine who said it is because of the improving regulatory environment, and the same number who said it is recent evolution of the sector and a larger liquidity pool offered greater comfort and confidence in building exposure