Experts from the Boston bank State Street believe that the crypto winter did not affect the mood of institutional investors, and they retained their interest in the blockchain and digital assets.
Irfan Ahmad, head of digital technology at one of the largest custodial banks State Street Digital, said that, according to his observations, large institutional clients of the bank are still interested in cryptocurrencies and blockchain.
“During the entire period when it seemed that a halt in investment activity was inevitable, we saw how our institutional clients did not stop strategic investments in cryptocurrencies. This illustrates their belief that despite market chaos, the asset class itself is not going anywhere,” Ahmad said.
He also announced State Street’s readiness to launch new investment offerings, given that the bank’s clients have become more pragmatic in choosing investment objects and are devoting more time to analyzing future opportunities for cryptocurrency products.
Recall that in August, Schwab Asset Management announced the launch of an exchange-traded crypto fund, which will directly invest in companies wishing to work with cryptocurrencies.
Source: Bits
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