Share this article
Asset Managers Expect to Be Using Blockchain in Five Years
A new survey has found that nearly two-thirds (64%) of asset managers expect to using blockchain technology within the next five years.
By Pete Rizzo
Updated Sep 11, 2021, 12:30 p.m. Published Sep 21, 2016, 11:38 a.m.
Make us preferred on Google
A new survey has found that nearly two-thirds (64%) of asset managers expect to using blockchain technology within the next five years.
Conducted by consultancy Roubini ThoughtLab, the findings are part of a report entitled "Wealth and Asset Management 2021", a broad research offering that aimed to study how investment providers are embracing new technologies.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
When asked about technology-enabled investment tools, 39% indicated that they expect blockchain will form a part of next-generation digital wealth management platforms, though it was not the fastest-growing technology among those surveyed.
Over the next five years, respondents expected artificial intelligence and virtual reality use to grow the fastest followed by web analytics and sentiment analysis.
Notably, 45% of respondents are targeting blockchain in the short-term, indicating that they expect the technology to become a bigger part of their business by 2021.
Bank of Montreal, Broadridge, CFA Institute, Cisco, eToro, Schroders, SEI and State Street also contributed to the report.
Investment analysis image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks
The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.
What to know:
- Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years.
- Gold rose to a new record above $5,200 per ounce following the president's comments.
- One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order.
Top Stories
