At the recent Digital Securities and Tokenization event, Moody’s Rajeev Bamra highlighted the shift in demand towards illiquid assets in pursuit of higher returns, with tokenization as an enabler. German asset manager Union Investment’s Christoph Hock said Generation Z has a desire for more investment choices.
Before exploring the panel, recent research reinforces these positions. Citi Securities Services published a survey earlier this week that addressed the Moody’s point. It highlighted a mismatch between the sell side, which sees benefits from the tokenization of listed equities and public debt, versus institutional investors who see the appeal of tokenization for private equities and debt.
Late last year, Bank of America published its survey of wealthy Americans, which indicated divergent investment interests based on age. Real estate was popular across the board but little else. Listed equities failed to make it into the top five investment preferences for those aged 21-42. The leader was crypto and digital assets (this was pre FTX collapse). Direct company investments, private equity and ESG filled out their favorite five.
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