A survey by fund distributor Calastone found that 67% of U.S. asset managers expect to have tokenized products on the market within a year. In Asia the figure was 61%. However, 96% of Asian asset managers expect to tokenize funds within three years.
The number of asset managers currently implementing DLT was somewhat lower at 39% and 37% for the US and Asia respectively. However, the vast majority of the rest are exploring the technology. Europeans are still pretty interested but lag behind Asia and the United States. Seventeen percent of Europeans are not yet engaging in tokenization followed by the U.S. (6%) and APAC (5%).
Turning to motivations for tokenization, almost a third of Asian asset managers cited cost savings. A quarter believes it will enable more personalized investment experiences. ‘Enhanced liquidity management’ is the third-ranked driver at 23%. By that, we assume they mean fractionalization will open up investment to a wider audience. Another key benefit is enabling investors to access new asset classes (22%).
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