Wealth storage in the digital economy: A perspective on emerging markets

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Ruangchan Thetlek ORCID logo, Tanpat Kraiwanit ORCID logo


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The swift digital transformation of economies is fostering increased interactions and information flows. Alongside traditional currency, contemporary economies provide diverse avenues for value storage, including financial and digital assets (Gerunov, 2022). This study examines asset holding and factors influencing wealth accumulation in Thailand’s digital age. Employing a quantitative approach, questionnaires collected data from 1,126 participants via convenience sampling between September 2022 and December 2022. Binary regression analysis revealed wealth storage patterns linked to score, gender, education, businessperson status, monthly income, savings, traditional and online media engagement, print media, and seminar attendance. To cultivate a secure, transparent, affordable, and inclusive environment, the government should support both financial and digital assets through accessible services. A robust financial market is pivotal for a nation’s growth, facilitating the flow of savings, investments, and capital accumulation, ultimately contributing to the production of goods and services. Additionally, digital assets offer avenues to amplify global financial system leadership. This study provides empirical insights into digital-era wealth accumulation, offering policy implications, highlighting digital assets’ financial landscape role, and advancing our grasp of digital transformation’s wealth management impact.

Keywords: Wealth, Storage, Financial Assets, Digital Assets

Authors’ individual contribution: Conceptualization — R.T. and T.K.; Methodology — R.T. and T.K.; Software — R.T. and T.K.; Validation — R.T. and T.K.; Investigation — R.T.; Resources — R.T. and T.K.; Writing — Original Draft — R.T. and T.K.; Writing — Review & Editing — R.T. and T.K.; Supervision — T.K.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: G11, G15, O16

Received: 08.02.2023
Accepted: 05.01.2024
Published online: 09.01.2024

How to cite this paper: Thetlek, R., & Kraiwanit, T. (2024). Wealth storage in the digital economy: A perspective on emerging markets. Journal of Governance & Regulation, 13(1), 42–49. https://doi.org/10.22495/jgrv13i1art4