Survey: 84 per cent of financial institutions made asset monetization a strategic priority

On 19 July, an updated survey by the service provider Broadridge showed that 84 per cent of financial institutions had identified asset monetization as a strategic priority and that the vast majority of institutions believed that the technology would reshape the financial market within five years. The survey, which targeted 200 North American financial service executives, showed that the financial sector was moving from the experimental phase of block chain technology to actual deployment, to simplify settlement processes, reduce operating costs and support round-the-clock transactions by converting real-world assets such as equities, bonds, funds and real estate into digital chain tokens. Broadridge notes that, despite industry enthusiasm, these companies generally tend to allow digital assets to coexist with traditional assets, 92 per cent of respondents expect the two to coexist in the foreseeable future, and 69 per cent of institutions plan to integrate monetize technologies into existing infrastructure rather than build independent chain systems。