Manuel Nordeste, vice president of Fidelity digital assets, said at a recent event in London that fixed income plans and other pension funds "have just begun to discuss" encryption assets with the investment committee.
Small, but sophisticated investors, like family offices and high-net-worth individuals, are more likely to buy Crypto Assets, Nordeste said. When Fidelity Digital Assets was just starting out (2018), it saw "family offices, small specialist asset managers, and Hedging funds, and then large Blue-Chip Stocks Hedging funds," adding: "Now, we're starting to have a conversation with bigger, real institutional investors, and we're getting some of those clients, as well as corporates and so on. ”
According to the Urban Institute, a think tank, the total retirement savings of teachers and firefighters in the United States will be $4.7 trillion in 2023. The majority (71%) of them are allocated to equities and 21% to bonds.
However, a survey conducted by Fidelity Digital Asset on the broader market showed that 80% of high-net-worth individuals have a positive attitude towards digital assets, while only 23% have a positive attitude towards pension plans. Among them, 48% of respondents invest in digital assets, while only 7% of pension plans invest in digital assets. (DL News)