“I think we’re going to see a lot of mainstream impact from something tokenized that people can buy that they used to have a hard time accessing,” Galindo said.
“I think that’s probably going to be the first way that crypto hits the people who aren’t just in it all the time and thinking about it all the time. It’s going to be kind of a tokenized product.”
Galindo also said 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 that covered. I don’t want to make it more complicated,'” 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, Morgan Stanley Investment Management’s global head of capital markets and ETF strategy, said product development is already evolving in response to investor demand. She pointed to the growing interest in multi-currency digital asset ETFs as the next phase of innovation.
“There’s really an 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, she believes that the direction is clear.
