Northern Trust Builds Digital Asset Product Store

Justin Chapman, global head of market advocacy & innovation research at Northern Trust, said the firm is building a product store for digital asset with some capabilities going live every week. Northern Trust said in a report, Mega Trends That Are Accelerating Change in Institutional Investing, that the continued growth of alternative and digital assets, an increased focus on achieving cost efficiencies and the influence of data science to shape decision making will all be important in the coming year. The report said asset allocation by global institutional investors to real estate, private equity, and infrastructure in a 20-year period has moved from about 7% to above 26% according to the Thinking Ahead Institute Global Pension Assets Study 2021. Chapman said many Northern Trust clients have indicated that they will make allocations to crypto assets within the next three to five years.