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Decoding Blockchain and Smart Contracts in Wealth Management

  • The integration of blockchain technology and smart contracts is reshaping the wealth management landscape.
  • Benefits of Blockchain in Wealth Management include enhanced transparency and trust, efficient record-keeping, cost reduction, improved security, and global accessibility.
  • Smart Contracts in Wealth Management automate payments and settlements, portfolio management, inheritance and estate planning, client agreements, and tokenization of assets.
  • Challenges in adoption include regulatory uncertainty, technical complexity, scalability issues, and the need for client education.

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