State Street unveiled a survey of
2020 industry trends. A small part of the report relating to digital asset custody highlighted divergent views about what sort of organization might provide this service.
A very significant proportion of larger institutions (62%) believe that fintechs will lead the way. In contrast, 50% of smaller asset managers think that broker-dealers will provide custody, compared to none of the larger firms holding this view.
Across the board, only 25% anticipate that fintechs and startups will provide custody services, the survey predicts.
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Image Copyright: State Street
