Forty eight percent of Swiss banks are planning or already conducting tokenization use cases, according to a survey conducted by the University of St. Gallen, mintminds and vision&. The figure for embracing cryptocurrencies is far higher at 64%. Beyond tokenization and crypto, 58% of banks have plans for other ‘advanced’ blockchain use cases such as trade finance or settlement.
The consensus amongst the 19 banks that took part in the survey is that the potential for blockchain will be achieved in a two to five year timeframe, with a higher impact beyond the five year mark. However, beyond the five year mark, only 37% of bankers believe the impact of DLT will be significant, compared to 63% who view its importance as moderate. In the next two years, 11% of banks (both private banks) believe the impact will be significant
Just over a quarter of banks have ten or more full time staff dedicated to digital assets. Another 21% have two to five staff.
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