Aim is to help financial institutions implement digital transformation.
Deloitte report on digital assets delivers bold claims around cryptocurrencies, custody and the role of banks
Survey shows majority of market participants believe digital assets will replace fiat currencies within the next decade with custodians set for key role in the future.
Significant cost pressures have been a driving force behind innovation, and custodians are planning to devote a greater proportion of revenues to innovation investment.
Asset managers may consider in-sourcing some client-facing functions as a result of their disappointment in their service provider's digital capabilities.