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  • The research revealed high level of institutional interes.
  • Investors admit that the technology is here to stay and prefre to explore its benefits.

Nearly half of surveyed institutional investors recognizes the benefits of having digital assets in their portfolios, and 22% of them already have them, the latest research by Greenwich Associates revealed.

Greenwich Associates, a global provider of the financial data, analytics and insights, prepared research for the Boston-based asset management firm Fidelity Investments. The company’s experts surveyed over 440 institutional investors in the US, including pension funds, family offices, cryptocurrency-focused and traditional hedge funds. They wanted to know how large financial companies and asset managers feel about digital assets as an investment instrument.  

The findings confirmed that large investors continued to explore the crypto universe, with 57% prefer direct investments, while 72% of the respondents consider the investment products based on digital assets.

Meanwhile, Fidelity Digital Asset Services LLC proceeds with the behemoth development of the recently launched cryptocurrency trading and custodial business.

“We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional investors like family offices and endowments,” Tom Jessop, president of Fidelity Digital Assets commented.

He also noted that the company did not register the decline in the interest towards digital assets even though the research was made during the so-called crypto winter.

The vast majority of companies understand that cryptocurrencies and blockchain technologies are here to stay, that’s why they prefer to study this area.
 
“Many of them are approaching it from a different perspective, whether it’s asset allocation, or others looking at the fundamentals like network activity, a more quantitative approach. It’s healthy people bring different analytical lenses to the same subject,” Jessop commented.