Institutional investors are optimistic about the crypto winter, with regulatory uncertainty being the primary concern.

The crypto market fell into panic after the FTX incident, with many centralized institutions affected. Investors lost confidence in some exchanges that could not prove their asset reserves in the short term, leading to a more cautious investment attitude. However, institutional investors hold a different view, believing this is a good opportunity for recovery. Many institutions are not only maintaining their activity but increasing it, upgrading their infrastructure while summarizing their experiences to prepare for the next bull run.

A certain exchange recently released the "2022 Institutional Investor Digital Asset Outlook Survey." This survey was conducted by an independent organization between September 21 and October 27, covering 140 U.S. institutional investors, aiming to understand their attitudes towards digital assets. The assets managed by the respondents amount to approximately $2.6 trillion, and the survey results reflect the sentiment and views of institutions towards the industry during the bear market.

Key Points of the Report:

1.Positive Construction: Institutional investors have increased their allocation to crypto assets during the crypto winter, using this time to learn and increase their investments.

2.Technical Investment: Differentiated performance is the main motivation for investors to invest in the crypto field, with most indicating they will increase investment in innovative technologies.

3.Risks and Rewards: Although market volatility has intensified, digital assets are still seen as one of the most attractive opportunities for generating excess returns.

4.Principles and Concerns: Compliance has become the primary consideration when choosing partners in the crypto market, and it is widely believed that regulatory transparency is a key catalyst for future growth.

A concerning issue during the investigation is: concerns about investing in digital assets

Q: What situations are you most concerned about when considering investing in cryptocurrencies?

Among the many factors influencing digital asset investment decisions, regulatory uncertainty is considered the primary factor, and investors clearly want a clear regulatory framework. Nearly half of (47%) investors believe that events such as the Terra Luna collapse and the bankruptcy of 3AC are signals calling for policymakers to take action, demanding the creation of a fair competitive environment and the formulation of urgently needed regulatory regulations. More than one-third of (36%) respondents believe that these events remind companies of the need to adopt better risk management strategies.

In daily business communication, we have found that even some early professional institutional participants still have shortcomings in asset security, risk control, business compliance, and on-chain trustworthiness. This is also one of the important reasons for the short lifespan of crypto enterprises. A single security incident or bank run can lead to rapid bankruptcy of institutions. However, there are also many excellent institutions in the industry that can stand out in every black swan event. How do they do it? To seek answers, we invited several long-term participants from excellent institutions that have experienced a complete cycle to discuss the following topics:

• Current market conditions and market analysis
• Institutional response strategies and market outlook under liquidity exhaustion
• Review and solutions from institutions regarding the FTX incident
• Challenges faced by institutional fund management, the operational difficulties and misunderstandings behind the MPC technology craze.
• The DeFi investment team's perspective on on-chain risk solutions and optimization strategies.