Calastone, the largest global fund network, has published the results of a survey of asset managers from different parts of the world, in order to find out their interest in tokenization.
The results of this survey clearly show the great interest that asset managers and administrators have in tokenization on the blockchain, an innovation that is becoming a synonymous with efficiency, confidence and security in the financial market.
The Calastone survey, which was conducted in partnership with Global Custodian to 141 asset managers, fund administrators, custodians and management companies, located in various countries around the world, found that companies in Asia and the United States are currently leading the way in tokenization adoption efforts.
According to the results, companies based in Asia and the United States are more open and more optimistic about the possibility of Offer and market tokenized products For your customers.
The race for tokenization leadership is accelerating
61% and 67% of respondents from Asia and the US in Calastone’s survey, respectively, indicated that tokenized products could be a reality for their respective companies in less than a year. Similarly, almost 86% of companies located in Asia said that tokenization could become their new reality within three years.
Source: Calastone
Based on the results obtained, Calastone highlighted that the generalization of tokenized assets is getting closer and that most asset management companies in the world are optimistic about the capabilities and opportunities offered by this innovation in the blockchain industry.
Tokenization has become a central topic, taking center stage in financial markets, prompting more asset managers and firms to explore the potential of blockchain.
Asia and the United States lead blockchain adoption efforts
Most financial firms located in Asia and the United States are looking at blockchain technology and tokenization for use and application in specific areas, Calastone noted.
50% of respondents from the fund network said they were exploring blockchain technology in specific use cases, while 40% of respondents said they were already actively integrating blockchain into their projects and businesses.
Source: Calastone
Calastone Asia Director Justin Christopher emphasized that the region is proactively paving the way towards tokenization as firms in the region are not only anticipating the rise of tokenized funds but are also accelerating the development of new products to capitalize on the benefits of tokenization.
“Asset managers in the region are keen to capitalise on the benefits of tokenisation and are preparing for implementation at an impressive pace.”
Christopher spoke about the Guardian project, which is being developed by several financial institutions, in collaboration with the Monetary Authority of Singapore (MAS). He pointed out that this initiative, together with the efforts of regional governments and the private sector, have been instrumental in supporting Asia's leadership on the global tokenization stage.
Overall, Calastone’s survey found that there is consensus among asset managers and financial firms regarding the benefits they perceive from blockchain tokenization, such as cost savings, improved liquidity and accessibility to a new class of digital assets and products.
Continue reading: Tokenization as a catalyst for financial innovation
