PwC: 40% of institutional investors surveyed hold or plan to hold tokenized money market funds

Odaily News A new asset and wealth management survey from PwC shows a disparity in interest between asset managers and the institutional investors they serve, particularly as it relates to digital assets and tokenization. One of the questions PwC raised in the survey was which areas of interest institutional investors have when it comes to tokenization, with the largest gap being in money market funds. While 40% of institutional investors hold or plan to hold tokenized money market funds, only 24% of asset managers offer or intend to offer them. There are two other areas where asset managers may be overestimating investor interest: tokenization of hedge funds and private debt. Asset managers see private debt as an ideal area for tokenization (31%), but investor interest appears to be less (24%). Asset managers and investors both agree that the most attractive area for tokenization is private equity. The report also asks asset and wealth managers which digital assets have been in the highest demand over the past 12 months, in addition to asking investors which digital assets are of greatest interest to them over the next two to three years. Asset managers said that cryptocurrencies (57%) were slightly higher than investment institutions in this field (54%), and security tokens ranked fourth with 41%. Looking ahead, investors are far more interested in cryptocurrencies (62%) than any other type of digital assets, with investments in digital asset companies ranking second with 46%, and security tokens ranking sixth with 25%. It is reported that 264 asset managers and 257 investors participated in the survey, and more than half of the respondents managed assets of more than US$10 billion.