Is the digitalisation of $100trillion of assets a lifeline for traditional stock exchanges?

Of note, the asset management industry is worth over $100 trillion. Potentially, the digital transformation of your savings and pensions could prove to be the killer app for blockchain technology and lead to its mass adoption. Traditional regulated asset managers are always looking for new investors to buy their funds but remain mindful of managing their risks, otherwise they jeopardise losing their regulated status and thus their licence to operate. The cost and complexity of compliance has become a significant burden in the financial services sector, so any solution that ushers-in greater transparency (thus trust) and stronger risk controls offers access to new investors; potentially, greater efficiency is almost analogous to the holy grail for an asset management firm. Meanwhile, having surveyed 271 institutions about the tokenisation of assets such as equities, debt, funds, etc, BNY Mellon has recently issued a report “Migration to Digital Assets Accelerates” which includes in its…