Asset managers like certain things about blockchain: the reduction of the burden of post-trade clearing and settlement and KYC amongst them. 

Yet this doesn't mean everybody in the investment management ecosystem is sleeping well at night. The ability of blockchain to disintermediate exchanges and brokers has led them to fear that they too could be redundant. Technological disruption is a fickle creature, and shows no deference to those who have traditionally considered themselves the lords finance.