Schroders has launched its digital assets entity called Global Digital Assets Centre of Excellence (CoE) to “drive thought leadership and the development of best practice” of the industry, according to a release on July 2.
The digital assets CoE has three strategic priorities, such as innovating digital components through the application of tokenisation to use-cases for core business; capitalising on new opportunities that arise from tokenisation; and building a scalable future operating model.
Schroders says that its vision for composable finance is where asset managers can optimize core components of investments, such as mutual funds, bonds, equities and commodities into programmable smart contracts and tokens.
“This enables the flexible, efficient construction and rebalancing of portfolios, allowing Schroders to deliver personalisation with agility to clients in a commercially scalable manner,” the release notes.
Schroders digital assets CoE will also engage and participate in initiatives with key stakeholders, the group says.
“Digital assets are transforming asset management in a tale of two halves – the existing financial ecosystem, and the new digitally native ecosystem. Through engaging regulators, cross-industry collaboration and building capabilities, our Digital Assets Centre of Excellence will navigate these two halves of digital assets and technology in the existing world, while continuing to explore opportunities for Schroders in the new one. As next generation wealth clients are digitally native, Schroders will continue to adopt these new technologies to meet their evolving needs,” says Meagen Burnett, group CFO, Schroders.
