Last week SIX published the results of an April survey of buy side firms covering digital assets and other topics such as ESG. It found that just 11% of respondents currently held ‘digital tokens’ but another 69% plan to invest within the year. Digital tokens were defined as asset backed tokens or utility tokens but excluded crypto, stablecoins or CBDC. The survey covered 300 asset managers, wealth managers and hedge funds around the world.
The biggest adoption driver was seen as technological advancements, but SIX classified several other motivations as increasing confidence. These include reduced counterparty risk, more exchange traded products and more regulated trading venues.
Of those that already trade digital tokens, only 54% currently trade on regulated marketplaces.
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