A's cryptocurrency revolution: Companies announce plans
a's #cryptocurrency revolution: Companies announce plans
A recent survey conducted by SBI #Digital Assets Holdings, a subsidiary of Japanese asset management company SBI Holdings, showed a growing demand for #cryptocurrencies from institutional investors. The survey showed that nearly 60% of institutional investors in Asia have used digital assets in one way or another over the past year.
Nearly 40% of them said they want to increase their stake in 2024, while 25% said they plan to increase it significantly. "Only 15% said they do not plan to invest or trade digital assets.
This trend shows that digital assets are increasingly being used to diversify investment portfolios," the report said.
Interests vary. 67% of organizations that currently deal in digital assets say they are most interested in cryptocurrencies. However, 33% of respondents predict that central bank digital currency will be the most popular in the next 3 years.
#Tokenization of real assets is also a priority, with nearly 1% of institutions reporting that their clients are looking to tokenize securities.
When asked what types of assets would be preferred for tokenization, 40% of institutions named real estate, 14% named funds, 14% named physical infrastructure, 10% named bonds, 10% named collectibles such as artwork, and other opinions were split between equities and precious metals.
When it comes to the benefits of tokenizing real assets, nearly half of respondents cited reducing the number of intermediaries, faster settlement, increased cost efficiency, transparency and liquidity as top factors," the report said.
But participants also noted barriers to adoption. 60% of respondents said the biggest obstacle was "the lack of a robust ecosystem for end-to-end transaction processing.
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