Family offices and SWIFT are being bet on RWAs

Another post about RWAs, which have become something of an «NFT for banks». Citibank the other day released a very interesting study about what «family offices» live and breathe. We will not write about the institution of family office and its importance for the rich and wealthy here.

This report says the following about crypto: according to this survey, the number of family offices that are optimistic about cryptocurrencies has grown from 8% last year to 17% this year. Asia-Pacific deviates wildly from the average, so we’ll give it a separate line: there, 37% of family offices are investing/interested in digital assets.

And what’s particularly nice, it’s reported that RWAs are a hit among digital assets in 2024. Recall that Arthur Hayes recently predicted this trend when talking about the future of NFT/RWA in light of Fed rate cuts.

Another study from CoinGecko showed the geography of RWA demand. So in 2024, the US was the most interested in RWA, accounting for 14,8% of global interest in the topic. This was followed by Indonesia and Turkey, which accounted for 10,1% and 8,0% of global interest, respectively.

And we conclude this RWA digest with news from the world of big finance — last week it became known that the world’s largest transnational payment system SWIFT introduced its own global infrastructure for RWA transfers.

Recall that RWA is technically an NFT, only this type of NFT is used exclusively for tokenization of physical assets. Thus, now SWIFT allows, for example, to transfer legally significant property ownership of a house on the other side of the world just as easily as, for example, to transfer a hundred dollars.