What impact will blockchain have on the asset and wealth management industry?

The Bigger Picture on technology

Blockchain technology has been gaining popularity in certain areas of the financial services industry in recent years, but wealth and asset managers have been traditionally slow to adopt the new technologies, citing numerous barriers to entry.

However, regulatory and fee pressures and changing client demands are forcing industry players to turn to the digital revolution to save costs, increase efficiency and enhance their offering.   In this environment, blockchain could be the differentiating factor between the groups that end up at the forefront and those that are left behind. From security tokens to legacy technology and intermediary disruption, there are a number of avenues where blockchain can have a major impact on the industry. Crypto rise Blockchain came to prominence in 2009 as the underlying technology of Bit...