An escalating trend is taking root among investment firms across the United States, the United Kingdom, and Europe, as market intelligence reveals a surge in the appointment of senior executives to spearhead digital asset investment strategies.
The latest insights from a report by Amberdata, titled “Digital Assets: Managers’ Data Infrastructure Fuel,” disclose that a noteworthy 24% of asset management firms have already embraced digital asset strategies, with an additional 13% actively planning to follow suit within the next two years.
The data paints a picture of increasing commitment, with nearly a quarter of these organizations now boasting senior positions wholly dedicated to digital asset implementation, signaling both a seriousness of intent and a resounding endorsement from top management.
The report derived its findings from a comprehensive survey encompassing 60 investment professionals hailing from the U.S., U.K., and Europe.
This diverse group included asset managers, hedge funds, and various investors.
Encouragingly, almost half (48%) of the study participants have already integrated digital assets into their firm’s portfolios. Amberdata’s prognosis for the near future predicts a continued emphasis on digital asset trading and investment strategies among asset managers.
Remarkably, this trend persists despite the prevailing regulatory scrutiny faced by the U.S. crypto industry, chiefly from the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC).
READ MORE: Congressman Takes Aim at SEC’s Digital Asset Enforcement Spending
Despite the regulatory challenges, Amberdata remains optimistic, forecasting a potential positive shift in the next few years.
Their report states, “The good news is that the tide may be turning. In the next five years, the SEC and the CFTC are expected to be providing the most positive opportunities for investors in our study.”
Moreover, the report highlights Ripple’s recent partial legal victory against the SEC as a potential catalyst, which could draw more asset management firms into the fold of digital asset strategy adoption.
In a related development, European digital asset manager CoinShares has reported substantial growth, with a total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023.
This marks a significant 33% increase compared to the corresponding quarter in the previous year.
This achievement underscores the burgeoning potential and allure of the digital asset landscape for investment firms seeking to diversify their portfolios and tap into the evolving financial landscape.
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