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Asian asset managers interested in digital assets, despite strong demand


Asian asset managers interested in digital assets, despite strong demand

Asian asset managers wary of digital assets despite soaring demand

Asset managers in Asia are refusing to offer digital assets to investors despite rising demand due to a lack of understanding of these assets, according to an industry survey by a private equity firm. Accenture issue was published on Monday.

Global banks have been cautiously turning to crypto for several years, some building it out of existing operations and others setting up new businesses.

“Currently, 52% of wealthy investors in Asia hold some type of digital asset. Accenture research indicates that this figure could reach 73% by the end of 2022,” Accenture said. on Monday.

“Digital assets represent 7% of the portfolios of investors surveyed – making it the fifth largest asset class in Asia – more than they allocate to foreign currencies, daily However, two-thirds of asset management companies have no plans to offer digital assets,” Accenture said.

The finding is part of Accenture’s report on the future of Asia’s wealth management industry based on two surveys – one of about 3,200 investors and the other of more than 500 financial advisors in Asia. wealth management firms in Asia. The surveys were conducted in December 2021 and January 2022.

“For asset management companies, digital assets are a $54 billion revenue opportunity – which most are ignoring,” Accenture said.

It said.

Southeast Asia’s largest bank DBS Group launched its standalone cryptocurrency trading platform in December 2020, providing corporate investors and accredited investors with cryptocurrency trading services. death for many digital assets.

Last month, Nomura Holdings said it would set up a digital asset company this year that will allow institutional investors to trade crypto-related products, among others.



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