Corporate clients regularly ask to add bitcoin to their reserves, said Darren Jordan, managing director for markets in Europe, the Middle East and Africa of the crypto-custodial company BitGo.
"There has been a fundamental change in the interaction with corporate clients. We have such contacts several times a week. They want to invest a small percentage of their assets—" Jordan said at the London Token 2049 conference on Thursday– "This is the most significant change we have seen in the last 12 months."
According to him, a lot of explanatory work has to be done with such clients so that they have an idea about liquidity, regulation and the permissibility of acquiring bitcoin in their particular case.
Genesis Trading CEO Michael Moro, who participated in the discussion with Jordan, agreed with this opinion. His firm has been working with hedge funds since 2015, but the last year was marked by the joining of family funds and other similar enterprises, he added.
"We are seeing an incredible increase in the number of corporations adding cryptocurrency to their reserves. It's not just American tech companies. We see the participation of firms from South America and Southeast Asia seeking to diversify portfolios," Moro said.