Brava Finance: Digital assets are a strategic priority for wealth managers
Wealth managers are rapidly adopting digital asset strategies, new global research from Brava Finance shows.
Its study of wealth managers in 13 countries, found 92% have said that digital asset adoption is a strategic priority for their organisation, with 50% stating it is an “urgent and immediate” priority.
Almost all (92%) of wealth managers questioned in the US, UK, UAE, Denmark, Brazil, Germany, Italy, Netherlands, Singapore, South Korea, Switzerland, Hong Kong and Luxembourg say they are developing a digital asset strategy, with 16% claiming to have a well-defined strategy already in place. More than eight out of 10 wealth managers (84%) already have some allocation to digital assets, the research from Brava Finance found.
Brava Finance, whose platform helps users access stablecoin-based credit strategies through decentralized finance (DeFi), has launched its Stablecoin SMA and first credit fund, which offers institutional-grade access via a regulated Cayman vehicle. The fund employs leading custody solutions such as Fireblocks and Northern Trust.
More than a third (36%) hold between 1% and 2% in their investment portfolios, the same proportion (36%) holds between 2% and 3%, with 6% holding between 3% and 4%.
Over the past 12 months, 84% of wealth managers have increased their allocations to digital assets. All said they will increase their allocation to digital assets in the next 12 months.