The Latest Digital Asset Custody Industry Statistics Explained
By 2025, digital asset custody industry is expected to be valued at over $7000 million.
This statistic indicates that the digital asset custody industry is predicted to experience significant growth by the year 2025, with a projected valuation exceeding $7000 million. This suggests a substantial increase in demand for services related to the safekeeping and management of digital assets, such as cryptocurrencies and other forms of virtual securities. The industry is expected to attract more investments and see a surge in adoption as digital assets become more mainstream and integrated into traditional financial systems. This growth projection reflects the evolving landscape of financial technology and highlights the potential for digital assets to play a significant role in the future of wealth management and investment practices.
Around 36% of institutional investors in the US and Europe own digital assets.
The statistic stating that around 36% of institutional investors in the US and Europe own digital assets indicates a significant level of adoption of cryptocurrencies and other digital assets within the institutional finance sector. This finding suggests that a sizeable portion of institutional investors are actively involved in the digital asset market, which traditionally has been dominated by retail investors. The increasing participation of institutional investors could contribute to greater liquidity and legitimacy of digital assets as an investment class, potentially influencing market dynamics and regulatory developments in the future.
Nearly 6 in 10 institutional investors believe digital assets have a place in their investment portfolios.
The statistic indicating that nearly 6 in 10 institutional investors believe digital assets have a place in their investment portfolios suggests a growing acceptance and interest in integrating cryptocurrencies and other digital assets into traditional investment strategies. This finding reflects a notable shift in the perception of digital assets from being viewed as speculative or niche investments to being seen as potentially valuable components of a diversified portfolio. As institutional investors typically adhere to rigorous risk management practices and regulatory considerations, their increasing openness to digital assets signals a recognition of the potential benefits and opportunities offered by this emerging asset class. This statistic indicates a significant trend towards mainstream adoption of digital assets among institutional investors and may signify a broader acceptance and integration of blockchain technology and cryptocurrencies within the financial industry.
43% of institutional investment teams have a digital asset-related initiative underway.
The statistic stating that 43% of institutional investment teams have a digital asset-related initiative underway indicates the increasing trend and interest among institutional investors in exploring opportunities and incorporating digital assets into their investment strategies. This statistic suggests that a significant portion of institutional investors are actively involved in exploring or implementing initiatives related to digital assets such as cryptocurrencies or blockchain technology. This trend may be driven by the potential for diversifying portfolios, capturing new investment opportunities, or keeping pace with technological advancements in the financial industry. Overall, this statistic highlights the growing relevance of digital assets in the institutional investment landscape.
Nearly 25% of surveyed institutional investors already own digital assets.
The statistic indicates that approximately a quarter of the institutional investors who participated in the survey have already invested in digital assets. This suggests a growing interest and adoption of digital assets within the institutional investment community, which historically has been more conservative and cautious in exploring new asset classes. The fact that a significant portion of institutional investors have entered the digital asset market highlights the increasing recognition of digital assets as a legitimate investment option, potentially signaling further growth and mainstream acceptance of cryptocurrencies and other digital assets within the traditional financial sector.
By 2024, the worldwide digital asset management market is estimated to reach $8.1 billion.
The statistic stating that the worldwide digital asset management market is estimated to reach $8.1 billion by 2024 signifies a significant growth and expansion of the industry. This forecasted figure represents the total value of software solutions and services focused on organizing, storing, and distributing digital assets such as images, videos, and documents. The increasing reliance of businesses on digital content and the growing need for efficient management and organization of these assets are driving the market expansion. This statistic highlights the continued importance of digital asset management systems in addressing the challenges posed by the proliferation of digital media and content across various industries worldwide.
Only 70% of institutional investors have confidence in the integrity of digital assets.
The statistic indicates that out of all institutional investors surveyed, only 70% express confidence in the integrity of digital assets. This suggests that there is a significant portion of institutional investors, approximately 30%, who harbor doubts or concerns about the reliability, security, or trustworthiness of digital assets as investment instruments. Such lack of confidence could impact the willingness of these investors to allocate their funds to digital assets, potentially influencing market dynamics and investment trends within the realm of digital assets. Further examination into the specific reasons behind this lack of confidence could provide valuable insights for the digital asset industry and help address any issues that may be contributing to the skepticism among institutional investors.
The digital asset custody industry is expected to grow at a compound annual growth rate of 20.5% from 2021 to 2028.
This statistic indicates that the digital asset custody industry is projected to experience significant growth over the period from 2021 to 2028, with a compound annual growth rate of 20.5%. This suggests that the sector is expanding rapidly and is expected to more than double in size by the end of the forecast period. The high growth rate implies increasing adoption of digital assets and a growing demand for secure custody solutions. Investors, businesses, and institutions are likely to increasingly turn to digital asset custody services to safely store and manage their digital assets, driving the overall growth of the industry in the coming years.
About 22% of institutional investors have significant investments in digital assets.
The statistic indicates that approximately 22% of institutional investors, such as investment funds, pension funds, and insurance companies, have made substantial investments in digital assets like cryptocurrencies or blockchain technology. This suggests a growing level of interest and acceptance among traditional financial institutions towards this relatively new asset class. Institutional investors typically have large amounts of capital at their disposal, so their involvement in digital assets could impact the overall market significantly. This statistic highlights the increasing mainstream adoption of digital assets within the investment landscape and underlines the importance of considering these assets in diversified investment portfolios.
In 2021, the number of cryptocurrency users surpassed 200 million.
The statistic that states “In 2021, the number of cryptocurrency users surpassed 200 million” indicates that by the end of 2021, the total number of individuals actively engaging in the use of cryptocurrencies such as Bitcoin, Ethereum, and other digital assets exceeded the significant milestone of 200 million users worldwide. This suggests a rapid growth in the adoption of cryptocurrency as a means of investment, payment, and store of value, reflecting increasing interest and acceptance of digital currencies within the global community. The widespread adoption of cryptocurrencies could signify a shift towards a more decentralized and digital economy, with implications for financial markets, regulation, and technological innovation.
A Fidelity survey shows that around 80% of investors find something appealing about digital assets.
The statistic from the Fidelity survey indicates that approximately 80% of investors perceive digital assets to have appealing qualities. This suggests that there is a notable level of interest and positive sentiment amongst investors towards cryptocurrencies or other digital assets. The finding could reflect a growing acceptance of digital assets as a legitimate investment option, potentially due to factors such as the potential for high returns, technological innovation, diversification benefits, or other perceived advantages. This high level of appeal could influence investment decisions and contribute to the increasing mainstream adoption of digital assets within the financial landscape.
More than 50% of wealth managers plan to increase their firms’ allocation to digital assets over the next five years.
The statistic indicates that a majority of wealth managers, specifically more than 50%, have intentions to raise the amount of their firms’ investments in digital assets within the next five years. This suggests a growing trend and shifting attitude within the wealth management industry towards embracing digital assets as part of their investment strategies. Such a move may be driven by factors such as the potential for higher returns or diversification benefits offered by digital assets, as well as the increasing mainstream acceptance and adoption of cryptocurrencies and other digital assets. Wealth managers are likely recognizing the importance of staying ahead of the curve in a rapidly evolving financial landscape to better serve their clients and remain competitive in the market.
57% of large technology companies are planning to initiate a digital asset project within the next year.
The statistic states that 57% of large technology companies are intending to start a digital asset project in the coming year. This suggests a significant trend within the technology industry towards digital asset projects, which could include initiatives related to blockchain technology, cryptocurrencies, digital tokens, or other digital assets. The statistic indicates a growing interest and recognition among large technology companies of the potential benefits and opportunities associated with digital assets, such as increased efficiency, security, and innovation. This trend underscores the evolving landscape of technology and business strategies, highlighting the importance of digital transformation and adaptation to new technologies in order to stay competitive in the market.
About 80% of central banks are exploring central bank digital currencies (CBDCs) as of 2021.
The statistic indicating that about 80% of central banks are exploring central bank digital currencies (CBDCs) as of 2021 reflects a growing trend within the global financial landscape. Central banks are increasingly recognizing the potential benefits and implications of issuing digital currencies, including greater efficiency in payment systems, improved financial inclusion, and the ability to address issues related to existing payment methods. This statistic suggests that a majority of central banks are actively researching and considering the implementation of CBDCs, signifying a potential shift towards a more digitized and modernized monetary system on a global scale.
The total market cap of all cryptocurrencies stood over $2 trillion in April 2021.
The statistic “The total market cap of all cryptocurrencies stood over $2 trillion in April 2021” indicates the combined value of all cryptocurrencies available in the market at that time surpassed $2 trillion. Market capitalization is a key metric in the cryptocurrency industry as it reflects the total value investors are placing on all cryptocurrencies combined. The $2 trillion milestone demonstrates the increasing popularity and widespread adoption of cryptocurrencies as investments during that period. This significant market cap highlights the substantial growth and maturation of the cryptocurrency market as a whole, attracting attention from both individual investors and institutional players seeking exposure to digital assets.
The largest 3 digital asset custodians held over $25 billion in assets as of April 2021.
The statistic indicates that as of April 2021, the three largest digital asset custodians collectively held more than $25 billion worth of assets under their custody. This implies that these custodians are significant players in the digital asset market and are entrusted with a substantial amount of investor funds. The fact that they hold such a large amount of assets highlights their importance in safeguarding and managing digital assets for institutions and investors. This figure underscores the growth and increasing institutional adoption of digital assets, as evidenced by the substantial amount of cryptocurrency and other digital assets being held by these custodians.
As of 2021, there were more than 4000 cryptocurrencies in existence.
The statistic suggests that the cryptocurrency market has experienced significant growth and diversification since its inception. As of 2021, the number of different cryptocurrencies available has exceeded 4000, indicating a wide range of options for investors and users to choose from. This proliferation of cryptocurrencies reflects the increasing popularity and adoption of digital assets as an alternative form of payment and investment. However, it also underscores the challenges of navigating a crowded and rapidly evolving market, where each cryptocurrency has its own unique features, uses, and potential risks. Investors and users must conduct thorough research and due diligence to make informed decisions in this dynamic and expanding landscape of cryptocurrencies.
In a 2021 survey, four out of five institutional investors consider digital investments for a brighter future.
The statistic ‘In a 2021 survey, four out of five institutional investors consider digital investments for a brighter future’ suggests that the majority of institutional investors are looking to include digital investments in their portfolios as they believe it will lead to a more positive outcome in the future. The fact that four out of five investors have this perspective indicates a strong level of interest and confidence in digital assets among this particular group. The statistic highlights a growing trend towards embracing digital investment opportunities, potentially driven by the increasing digitalization of financial markets and the potential for advancements in technology to drive better returns.
References
0. – https://www.www.fidelitydigitalassets.com
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6. – https://www.www.cnbc.com
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8. – https://www.www.globe.co.th
