Asset Managers Want To Pivot Towards Digital Assets

Leading fintech firm Ripple published a survey on Saturday highlighting the growing importance of digital assets in global finances. The survey of more than 1,000 global finance leaders was conducted across sectors such as banks, asset managers, fintechs, and corporates. The majority of them view assets from the blockchain positively, which can help the sector grow.

72% of respondents said that finance leaders must offer digital assets, as it’s the only solution to remain competitive. In addition, interest in tokenized assets continues to grow, as asset managers from leading banks are including them in their financial strategies. The Ripple’s survey puts the spotlight on the changing global landscape of the monetary sector.

Also Read: With Markets Down, Will XRP Fall Below $1 Once Again?

Ripple’s Survey Shows Digital Assets Industry Remains on the Right Track

In the tokenization sector, 89% of the respondents say that digital asset storage and custody are a top priority. Asset managers from banks placed greater emphasis on the technology, confirming that they need higher management to seek partnerships to help execute the plans. The roadmap is clear that Ripple’s blockchain technology fills the void of the growing vacuum.

The asset managers revealed in Ripple’s survey that they are also actively looking for crypto payments. “This emphasis on custody extends into crypto-enabled payments adoption. Among respondents actively exploring stablecoin collections or payments, 57% want a partner that offers integrated custody, orchestration, and compliance services so they can avoid holding stablecoin balances directly.”

The development indicates that asset managers in the traditional financial world are open to embracing blockchain technology. “The key takeaway here is that finance leaders want more from the crypto companies offering these solutions — they want a tech stack that can meet all of their digital asset needs and a trusted provider to partner with now and in the future as strategies evolve,” Ripple’s survey summed it up.