New Delhi, Oct. 26 -- The growing adoption of tokenised assets and digital forms of money could put pressure on a key revenue source for wealth managers, with net interest income accounting for 25-30 per cent of their total revenue, according to a report by Morgan Stanley.

The report said the expansion of digital assets, including stablecoins and traditional financial assets represented as digital tokens on blockchain networks, could reshape the asset and wealth management industry by changing how investments are held, transferred and used as collateral.

"Additionally, with the emergence of digital forms of money, wealth managers' net interest income economics face pressure, though this is mitigated by opportunities for clients to borro...