Yesterday Citi Securities Services released the results of its latest survey finding that almost three quarters (74%) of institutions are currently actively engaged in digital assets or DLT, up from 47% last year.
One of the biggest changes since 2022 is the rising expectations around regulated digital money. Perhaps that’s not surprising given the uptick in discussions about bank deposit tokens and stablecoins.
Last year 28% said digital currency would not be available for settlement by 2026, whereas now only 13% believe that. Just over half expect central bank digital currencies (CBDC) to be in use by then, up three percent from last year. But the biggest shift related to bank issued digital money, with 27% of institutions now expecting that to be available in three years, compared to just 17% in 2022.
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