“I think we’re going to see a big, widespread impact from something symbolic that people can buy that they had a hard time accessing before,” Galindo said.
“I think that will probably be the first way that cryptocurrencies reach people who are not just in it all the time and thinking about it all the time. It will be some kind of tokenized product.”
Galindo also said that wealth management clients are becoming more comfortable with digital assets as investment options continue to expand beyond bitcoin.
“A lot of people just stopped at bitcoin and said, ‘I’ve got this covered. I don’t want to complicate it any more,'” he said. As more exchange-traded funds and tokenized products become available, he expects investors to spend more time deciding how digital assets fit into broader portfolios.
Ali Wallace, global head of capital markets and ETF strategy at Morgan Stanley Investment Management, said product development is already evolving in response to investor demand. He pointed to growing interest in multi-currency digital asset ETFs as the next stage of innovation.
“There really is interest in multi-currency, multi-product ETFs,” Wallace said, describing them as the next evolution of digital asset investment products.
Graseck expects the transition to take years rather than months. Still, he believes the direction is clear.
