48% of Asset Managers Hold Crypto For Clients: Coalition Greenwich Report
A new study reveals nearly half of institutions in the United States, UK, and Europe offer digital asset services to their clients.
In a recent survey conducted by Coalition Greenwich and Amberdata, 48% of asset management institutions manage crypto for their clients with a general bullish stance amid the bearish market outlook.
The research titled, “Digital Assets: Managers Fuel Data Infrastructure Needs” was conducted to understand how institutions implement digital assets services to their clients, user interaction and investment needs, products, and affiliated technologies.
Per the report, 60 companies were surveyed across three jurisdictions with 25% having digital asset managers with related teams. This figure is expected to grow by a third as other firms show interest in expanding their firm’s capacity in the next 12 months.
Shawn Douglass, the CEO of Amberdata noted that an interesting point is the bullish stance of most executives despite the regulatory uncertainty in the market specifically in the United States.
Although the Securities and Exchange Commission (SEC) has maintained a hard stance on digital assets with its renewed regulatory scrutiny leading to several lawsuits with Web3 firms, asset managers still view the US market as a gold mine.
“interesting to see that the respondents were so bullish on the U.S. positively supporting digital asset adoption, despite the lack of a clear regulatory environment.”
The 52% of institutions not offering crypto services cited regulatory hurdles as a key reason for their position. These institutions listed several factors including the nature of cryptocurrencies, unclear regulations around tax, security concerns, and KYC issues.
This year. institutional investors have
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