According to a Consensus report, the uptake of digital assets in the APAC region is three times higher than the global standard.

HONG KONG SAR, December 7 – The new Consensus report shows that digital asset use in the Asia-Pacific (APAC) market is projected to reach 23.9% by 2024, far exceeding the global average of 7.8%. The study, titled 'Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,' was conducted ahead of Consensus’ entry into the Hong Kong market and illustrates that this growth is driven by various factors like regulatory changes, market speculation, everyday utility, and a strong belief in the future of digital currencies.

Developed in collaboration with Protocol Theory, the study shows that Thailand stands out as the leader in APAC digital asset adoption, achieving a notable 44%, followed closely by the UAE, India, and the Philippines. The research indicates that digital asset ownership in the region can be classified into three distinct tiers:

• High Adoption Rates: Thailand (44%), UAE (39%), India (34%), and the Philippines (32%);
• Mid-Level Adoption Rates: South Korea (29%), Singapore (25%), and Hong Kong (25%);
• Lower Adoption: Australia (19%), China (17%), Japan (13%).
  
  

Moreover, the report highlights several interesting trends based on survey insights:

·  Among nearly 4,300 participants surveyed in APAC, 62% expressed their belief that digital assets will significantly shape the future landscape of global finance and investments.

·   A significant 51% of respondents indicated that they foresee digital assets being utilized for daily transactions, contributing to increased financial inclusion worldwide.

·  Of the surveyed individuals already engaged with digital assets, 35% expressed their desire to attain financial independence from traditional banking systems.

Michael Lau, Chairman of Consensus Hong Kong, remarked, 'As we approach Consensus Hong Kong in February 2025, we aim to showcase how APAC is leading the way in the evolution of digital assets. With the recent approvals of ETFs, growing institutional investments, and a clearer regulatory landscape, we're witnessing the dawn of a new age where APAC sets the pace, inspiring other regions to expedite their efforts to create a more integrated global economy.' The report from October 2024 draws its conclusions from a comprehensive study that involved nearly 4,300 individuals over the age of 18 across ten distinct markets: Australia, China, Hong Kong, India, Japan, the Philippines, Singapore, South Korea, Thailand, and the UAE, with around 400 respondents per market. This study aimed to explore the motivations and factors influencing the rise of digital asset adoption across the APAC region.

For registration options for Consensus Hong Kong, please visit our website.

Read the full report Since its inception in 2015, Consensus has grown to be the premier global event uniting the digital assets, blockchain, and Web3 communities. Its upcoming edition in Hong Kong promises to gather the most influential voices from both East and West for impactful dialogues and business opportunities. https://consensus-hongkong2025.coindesk.com/register/.

– ENDS –

About Consensus

Consensus Hong Kong will bring together international leaders from technology and finance to tackle significant challenges, announce landmark advancements, and share their visions for what lies ahead. CoinDesk, the award-winning media outlet behind Consensus, is committed to delivering independent and unbiased journalism, helping to establish the agenda for the imminent wave of innovation and partnership in the crypto and Web3 sectors.

Protocol Theory is at the forefront of strategic market research and consumer insights, focusing on the realms of Web3, digital assets, and emerging tech. Our data-driven approach equips clients with critical insights that enhance product development, user engagement, brand communication, and market strategies. By fusing our industry expertise with a deep understanding of consumer behavior, we empower clients to connect with their audiences powerfully, build competitive advantages, and cultivate lasting relationships in the evolving Web3 landscape. Our mission is to clarify the complexities of the on-chain world through comprehensive consumer understanding and actionable intelligence.

About Protocol Theory

Cognito Media represents Consensus Hong Kong.

Media Contact

, it's essential to clarify that the information provided on this page does not serve as legal, tax, investment, or financial advice. Always invest responsibly, ensuring you only allocate funds you can afford to lose. If unsure, consult with a financial advisor. For further guidance, please refer to the issuer's or advertiser's terms, conditions, and support resources. The team at MetaversePost strives for accuracy in reporting but reminds that market conditions can shift unexpectedly.