“I expect it to be negligible from a revenue point of view over the course of the next couple of years, it might be negligible for the next five years.”

In context

“you'd like to eventually get to, or revenues, or what's the endgame, just something more on this whole? It's one of your four key growth initiatives. Just a little bit more color? Robin Vince: Sure. So, I just want to make one comment about the four things that I mentioned and that you're quoting. Those aren't the only growth initiatives in the company. I pick them out because I think they're good and representative examples, but -- and they're different things, and they have different timelines associated with them as well. But there are other things that I haven't mentioned, at least haven't given great as much prominence to, but that could be very interesting to us over time. But specifically for digital assets, it's the longest-term play out of any of the things that we talked about. I expect it to be negligible from a revenue point of view over the course of the next couple of years, it might be negligible for the next five years. But as the world's largest custodian, we are in the business of looking after stuff. We look after $44 trillion worth of stuff. And if there's going to be new stuff to look after, we should be in the business of looking after it. If the way in which we look after stuff, which is the point about the technology changes, we have to adapt to that. And so, we're investing for a future that probably will come to be, but it may not. But if it does come to be, we have to be there. It would be like being the custodian of 50 years ago and sticking with paper and not adopting a computer. That's not going to be us. So, we're investing. We're being cautious. We're being deliberate. And we've got R&D in different parts of the company, and it's measured. But we do think it's important for us to particip”