The online survey was conducted from December 16, 2025, to January 29, 2026, among 518 investment firms, family offices, and public organizations in Japan. Analysts at Nomura noted that the attitude of major investors towards crypto assets has noticeably improved: 31% of respondents rated the prospects of cryptocurrencies for the next 12 months as positive, while 18% of survey participants showed a negative outlook.
79% of companies stated that they plan to invest in digital assets in the next three years. Of these, 60% are ready to allocate 2% to 5% of their portfolio to cryptocurrencies, indicating a balanced approach to investments rather than aggressive buying. Interest in staking and mining was expressed by 66% of investors, in lending and secured loans - 65%, in crypto derivatives - 63%, and in tokenized assets - 65%. This indicates that large investors are exploring different strategies to generate income from crypto assets.
Stablecoins, thanks to their various applications, are also beginning to gain the trust of investors. 63% of respondents stated that they could use such crypto assets for international payments and money transfers, as well as for investments in tokenized securities. The most trusted stablecoins among respondents are those pegged to the Japanese yen, US dollar, and euro, issued by large financial companies.
The main barriers to investing in crypto assets are counterparty risks, the possibility of fraud, high volatility of cryptocurrencies, and uncertainty in the regulation of industry companies.
In April, the Japanese government approved amendments to the Financial Instruments and Exchange Act, according to which cryptocurrencies are equated to financial instruments. The new rules require cryptocurrency issuers to provide annual financial reports and prohibit insider trading.