According to a report by PRNewswire, a survey conducted by Sygnum Future Finance shows that 57% of institutional investors in Singapore plan to increase their long-term cryptocurrency allocations, while the average across the survey is 47%. The survey included Sygnum's institutional client base and investors, as well as various investment professionals from banks, hedge funds, multi-family and single-family offices, DLT foundations, funds, and asset management companies. The primary reason for increasing cryptocurrency investments is their optimistic outlook on the long-term trends in the industry.