A recent study by Avaloq reveals that Singapore banks have a significant opportunity to tap into the growing demand for cryptocurrency services. The study indicates that 48% of non-investors in Singapore would consider investing in cryptocurrencies if these were offered by traditional banks. This potential shift could redirect billions in investments towards regulated institutional frameworks. Avaloq CEO Martin Greweldinger highlighted the role of innovative solutions in enabling banks to access new client segments and offer professional wealth management services. The report also points out that while regulatory hesitancy has limited direct crypto growth in Singapore, the involvement of regulated banks is expected to transform market dynamics, moving asset flows from standalone exchanges to institutional custody.