A lack of proper valuation tools, major volatility and questions around regulations and tax all prevent the digital currencies from gaining the favour of the nation's cautious asset owners.
The advent of blockchain could help more asset owners and individuals access private assets, once they understand how the technology works, say experts.
The potential exists for blockchain technology to change how private assets are transacted and invested. But there are many obstacles before this can take place.
Blockchain and tokenisation could revolutionise how private assets are stored and transacted - provided investors can overcome their suspicions about the technologies.
The end of the first great cryptocurrency boom is a good time to assess the operational due diligence of the first wave of Asian cryptocurrency funds, say industry experts.
The distributed ledger technology has the potential to upend traditional custody and settlement. But it must overcome some sizeable challenges if it is to achieve this potential.