Asian wealth managers seen wary of digital assets despite soaring demand – Reuters

Asian wealth managers seen wary of digital assets despite soaring demand – Reuters

SINGAPORE, June 6 (Reuters) - Wealth managers in Asia are holding back from offering digital assets to investors despite soaring demand due to a lack of understanding of these assets, according to an industry survey by consulting firm Accenture published on Monday.

Global banks have been cautiously moving into crypto for several years, some building it within existing operations and others setting up new businesses.

"Currently, 52 percent of affluent investors in Asia hold digital assets of some sort. Accenture's research indicates this could reach 73 percent by the end of 2022," Accenture said on Monday.