# Digital assets are here to stay; State Street survey reveals continued institutional interest

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/insights/4504
Published: 2019-12-12T06:38:56.000Z
Updated: 2019-12-12T06:38:56.000Z
Section: Insights & Views

> A new survey of US asset managers and asset owners conducted by State Street forecasts the continued prevalence of digital assets in the industry.

A new survey of US asset managers and asset owners conducted by State Street forecasts the continued prevalence of digital assets in the industry.

According to [survey results](<https://www.businesswire.com/news/home/20191211005841/en/State-Street-Survey-Reveals-Bright-Future-Digital>), only 6% of survey respondents said that they have no digital assets-related investments and no plans to invest in the next year.

38% of respondents said they will increase their allocation, while 45% plan to continue with the same allocation. Importantly, more than two-thirds (69%) of the largest firms plan to boost allocations of this emerging asset class, signifying growing institutional interest in digital assets.

Furthermore, 45% of respondents expect a bitcoin ETF (or other cryptocurrency ETF) to receive regulatory approval and launch in 2020.

Speaking of tokenization of traditional assets, 45% said that this will be “massive disruption” to the market within the next five years. As for the benefits of tokenization, 62% cited improvement of risk management, 55% said transparency, 55% said enhanced security, 36% cited democratization of investing for retail investors.

However, a majority (55%) believe that the inherent risks with tokenized assets are too great for widespread institutional adoption. Only 4% of respondents do not see any benefits from tokenization.

Blockchain and Distributed Ledger Technology (DLT)

Survey respondents cited blockchain/DLT (62%) and AI/machine learning (50%) among the top priority while discussing trading technology upgrades planned for their organizations in 2020.

65% of respondents believe that DLT will improve financing solutions in the future and 59% said the same about AI.

State Street recently made headlines as it let go of most of its developers in its blockchain strategy team. Reports suggest the custodian bank has [axed over 100 blockchain developers](<https://www.coindesk.com/state-street-slashes-dlt-developer-team-as-bank-rethinks-blockchain-strategy>) as it plans to move away from the in-house DLT initiative.

G

M

T

Y

Detect languageAfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu

AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu

Text-to-speech function is limited to 200 characters

Options : History : Feedback : [Donate](<http://imtranslator.net/extensions/?tp=chr-ImTranslator&a=0>)
		Close

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

- [survey results](https://www.businesswire.com/news/home/20191211005841/en/State-Street-Survey-Reveals-Bright-Future-Digital)
- [axed over 100 blockchain developers](https://www.coindesk.com/state-street-slashes-dlt-developer-team-as-bank-rethinks-blockchain-strategy)
- [Donate](http://imtranslator.net/extensions/?tp=chr-ImTranslator&a=0)
- [TokenPost](https://www.tokenpost.com)