Leading fintech firm Ripple published a survey on Saturday highlighting the growing importance of digital assets Global finance. More than 1,000 leaders in global finance were surveyed, including those from banks, asset management firms, fintechs and corporations. They are overwhelmingly positive about the potential of blockchain-based assets to help grow the sector.
Seventy-two percent of respondents believe that the leaders in finance must be able to offer digital assets if they want to compete. The interest in tokenized asset continues to increase, and leading bank asset managers are incorporating them into their financial strategies. Ripple’s study puts the spotlight onto the shifting global landscape in the monetary industry.
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Ripple’s survey shows digital assets industry remains on the right track
89 percent of respondents said that the storage and custodianship of digital assets is a priority in the sector. Asset managers at banks have placed an increased emphasis on this technology. They also confirmed they require higher management in order to pursue partnerships that will help them execute their plans. Ripple’s blockchain technology is clearly a solution to the increasing vacuum.
In Ripple’s survey, asset managers said that they were also looking to crypto-payments. “This emphasis on custody extends into crypto-enabled payments adoption. Among respondents actively exploring stablecoin collections or payments, 57% want a partner that offers integrated custody, orchestration, and compliance services so they can avoid holding stablecoin balances directly.”
This development shows that traditional asset managers are willing to embrace blockchain technology. “The key takeaway here is that finance leaders want more from the crypto companies offering these solutions — they want a tech stack that can meet all of their digital asset needs and a trusted provider to partner with now and in the future as strategies evolve,” Ripple’s study summarized this.
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Source: watcher.guru
