ITWeb, Media Partner at Blockchain Africa Conference 2020 – Keynote Speaker, Chris Becker Announces Investec’s plans for custodial digital asset wallet service
EXCLUSIVE: Investec mulls digital assets wallet
By Matthew Burbidge
Johannesburg, 20 Mar 2020
Investec is mulling the introduction of a wallet to hold its clients’ digital assets.
Chris Becker, blockchain technologies lead at Investec, says it is envisaged the wallet would hold the wealth management group’s clients’ blockchain-based assets, and that it is agnostic to the technology, as well as the asset.
This, in part, “depends on where the market goes”, Becker told ITWeb on the sidelines of the Blockchain Africa Conference 2020 in Sandton last week.
“We’re not the decision-maker per se; we need to offer value to our clients and whatever asset they want to own, we can help them secure it.”
Becker said Investec’s clients are interested in owning digital assets for a number of reasons, noting they are typically of a high-net worth, and have disposable income which allows them to speculate in this asset class.