Report: 54% of institutional investors and 64% of retail investors plan to increase digital asset allocation

Many institutional and retail investors are looking to increase their allocations to digital assets and digital asset-related products, according to an EY-Parthenon survey. Of those surveyed, 94 per cent of institutional investors and 83 per cent of retail investors said they believe in the long-term growth potential of digital assets, according to the report. 54 per cent of institutional investors and 64 per cent of retail investors plan to increase their allocations. Institutional investors are mostly looking for a multi-custody model to manage their digital assets, and in addition to custody, they want access to connectivity to more liquidity providers, the ability to borrow against cryptocurrencies as collateral, and prime brokerage services. On the retail investor side, 72 per cent of retail investors see digital assets as a core part of their overall wealth strategy, and are looking to enhance their current wealth and estate planning, tax and trust, and advisory services to cover cryptocurrencies and digital assets.