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Nomura Survey Shows 65% of Institutional Investors View Crypto as Vital Portfolio Diversifier
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Nomura Survey Shows 65% of Institutional Investors View Crypto as Vital Portfolio Diversifier

Apr 19, 2026

A survey conducted by Nomura and Laser Digital between December 2025 and January 2026 found that 65% of 518 Japanese institutional investors now view crypto as a vital portfolio diversifier, up from 62% in June 2024. Positive sentiment toward crypto increased from 25% to 31% over the same period, while negative outlook declined from 23% to 18%. Among investors with concrete crypto plans, 79% intend to invest within three years, with 60% planning allocations of 2-5% of portfolios. The survey reveals strong interest in staking, tokenized assets, and stablecoins for treasury management and cross-border payments, though investors cite challenges including regulatory uncertainty, high volatility, and lack of fundamental analysis frameworks.

Japanese institutional investor sentiment and adoption trends

  • ▪Among Japanese institutional investors already considering crypto investment over the next three years, 79% have concrete plans to do so according to the 2026 Nomura survey
  • ▪The 2026 Institutional Investor Survey on Digital Asset Investment Trends covered institutional investors, family offices, and public-interest organisations
  • ▪The 2026 Institutional Investor Survey on Digital Asset Investment Trends was conducted by Nomura and Laser Digital between December 2025 and January 2026
  • ▪The share of Japanese institutional investors with a negative outlook on crypto fell from 23% to 18% between June 2024 and the 2026 Nomura survey
  • ▪Thirty-one percent of respondents in the 2026 Nomura survey described their outlook on crypto assets over the next year as positive
  • ▪Positive sentiment toward crypto assets among Japanese institutional investors increased six percentage points from 25% in June 2024 to 31% in the 2026 Nomura survey
  • ▪The 2026 Institutional Investor Survey on Digital Asset Investment Trends gathered responses from 518 investment professionals in Japan

Portfolio diversification rationale and allocation strategies

  • ▪Sixty-five percent of respondents in the 2026 Nomura survey view crypto as an opportunity to diversify their portfolios
  • ▪Sixty percent of Japanese institutional investors with concrete crypto investment plans expect to allocate between 2% and less than 5% of their portfolios according to the 2026 Nomura survey
  • ▪The percentage of Japanese institutional investors viewing crypto as a portfolio diversification opportunity increased from 62% in the June 2024 Nomura survey to 65% in the 2026 survey
  • ▪The primary reason cited by Japanese institutional investors for investing in crypto was diversification according to the 2026 Nomura survey

Evolving barriers and regulatory environment

  • ▪The GENIUS Act reshaped the regulatory landscape in the United States in 2025
  • ▪The United States approved spot crypto ETFs in 2025
  • ▪Japan's Financial System Council's Working Group on Crypto-asset Systems was actively developing a framework through the end of 2025

Perspective of Japanese institutional investors

  • ▪Japanese institutional investors with concrete crypto plans favor conservative allocations of 2% to less than 5% of portfolios according to the 2026 Nomura survey

Perspective of Nomura and Laser Digital

  • ▪Nomura and Laser Digital surveyed 518 investment professionals across institutional investors, family offices, and public-interest organisations for their 2026 digital asset study
  • ▪Nomura and Laser Digital documented a six percentage point increase in positive crypto sentiment among Japanese institutional investors between June 2024 and early 2026

2 sources

Blockhead
Japanese Institutional Investors Are Warming to Crypto – and the Barriers Are Starting to Look Familiar
View source article
Coindesk
Nomura study says 65% of institutional investors see crypto as a vital portfolio diversifier
View source article

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Institutional crypto adoptionCrypto market sentimentCryptocurrenciesCrypto markets