Financial services giant Fidelity Investments, which manages more than $2.6 trillion in client assets, recently published a report detailing the institutional investor landscape as it relates to digital assets.
— Fidelity Digital Assets (@DigitalAssets) May 2, 2019
According to the report, a notable 22% of institutional investors surveyed already have some exposure to digital assets, with the majority of investments coming in the past 3 years.
Nearly half of the investors surveyed (47%) see digital assets as viable to include in their portfolios. However, these investors differ on how they view the digital asset class, with the majority seeing it as part of the alternative asset class while the minority views it as its own independent category.
Additionally, financial advisors (74%) and family offices (80%) view the characteristics of digital assets most favorably.
“Institutions are digging in and developing their own investment theses,” states Fidelity. “More education is always welcomed now it seems, specifically by those who can describe digital assets and blockchain technology in terms that are familiar to these types of investors. We expect more investors will acknowledge the impact this new set of assets will have as we continue to develop this new era of wealth transfer and management.”
This report comes roughly two months after Fidelity began rolling out its Bitcoin (BTC) custody service, allowing institutional clients to securely store the leading digital asset.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.