Brava Finance: Wealth managers are focusing on stablecoin opportunities
Almost nine out of 10 (88%) wealth managers who are already investing in digital assets, say they have a good or better understanding of stablecoins – a digital asset used for making payments or within investment strategies – with 16% saying their knowledge is excellent, new global research from Brava Finance shows.
Its study with wealth managers in 13 countries, found more than nine out of 10 (94%) have already invested in stablecoins and of those 94% are using stablecoins to generate a yield. All wealth managers questioned in the US, UK, UAE, EU, Brazil, Singapore, South Korea, Switzerland and Hong Kong say they are developing a strategy about how to invest in stablecoins and what to use them for. Around 36% already have a strategy in place.
The most important use cases for stablecoins identified by 74% of wealth managers, is for fast, low cost transactions, the research found. Other primary uses include gaining access to decentralised finance (DeFi) opportunities (72%), portfolio diversification (66%), parking funds in volatile markets (66%), and generating yields from lending protocols (22%).