Institutions To More Than Double Digital Asset Exposure By 2028, State Street Says
Institutional investors are set to more than double their allocation to digital assets to 16% by 2028, according to a new State Street report. The report, produced with Oxford Economics, found that digital assets currently make up about 7% of institutional portfolios, with most exposure concentrated in stablecoins, tokenized equities and bonds. State Street said the findings highlight growing recognition of crypto as a performance driver, even as institutions remain cautious on full-scale adoption. Some 27% of respondents said Bitcoin has been their top-performing asset, followed by Ethereum at 21%. More than half of those surveyed expect up to a quarter of global investments to be made through digital or tokenized assets by 2030, though only 1% foresee a complete move onchain, suggesting a future that combines traditional and blockchain infrastructures. ”The industry is already embracing digital assets in all their crypto, cash and tokenized forms, and sees them as a growing ...