Copy link
Increase text size
Decrease text size
Link copied

Digital assets are here to stay; State Street survey reveals continued institutional interest

Thu, 12 Dec 2019, 06:38 am UTC

A new survey of US asset managers and asset owners conducted by State Street forecasts the continued prevalence of digital assets in the industry.

According to survey results, only 6% of survey respondents said that they have no digital assets-related investments and no plans to invest in the next year.

38% of respondents said they will increase their allocation, while 45% plan to continue with the same allocation. Importantly, more than two-thirds (69%) of the largest firms plan to boost allocations of this emerging asset class, signifying growing institutional interest in digital assets.

Furthermore, 45% of respondents expect a bitcoin ETF (or other cryptocurrency ETF) to receive regulatory approval and launch in 2020.

Speaking of tokenization of traditional assets, 45% said that this will be “massive disruption” to the market within the next five years. As for the benefits of tokenization, 62% cited improvement of risk management, 55% said transparency, 55% said enhanced security, 36% cited democratization of investing for retail investors.

However, a majority (55%) believe that the inherent risks with tokenized assets are too great for widespread institutional adoption. Only 4% of respondents do not see any benefits from tokenization.

Blockchain and Distributed Ledger Technology (DLT)

Survey respondents cited blockchain/DLT (62%) and AI/machine learning (50%) among the top priority while discussing trading technology upgrades planned for their organizations in 2020.

65% of respondents believe that DLT will improve financing solutions in the future and 59% said the same about AI.

State Street recently made headlines as it let go of most of its developers in its blockchain strategy team. Reports suggest the custodian bank has axed over 100 blockchain developers as it plans to move away from the in-house DLT initiative.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,430.10 (+0.37%)
  • Ethereum (ETH) $160.73 (-1.15%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $320.29 (-4.62%)
  • Bitcoin SV (BSV) $277.02 (-2.72%)
  • Bitcoin (BTC) $8,430.10 (+0.37%)
Jan 24, 2020 (Friday)
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Japan ruling party lawmakers to propose digital yen in February: Report
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
Tether launches new stablecoin backed by physical gold
Crypto exchange ErisX partners with Etale to offer new trading features
World Economic Forum launches blockchain-based supply chain traceability platform
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
Crypto exchange Binance invests in blockchain startup Numbers
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
World Economic Forum creates framework to help central banks design and deploy CBDC
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.