The academic credentialing landscape is rapidly evolving. Institutions of higher education must meet this critical moment in the evolution of how learning is delivered, assessed, and recognized. While some educational institutions have shifted to issuing Electronic Data Exchange (EDX), digitally signed PDFs or blockchain verifiable credentials, reliance on paper-based credentials is still widespread. While both paper and even digitally signed PDF credentialing solutions have worked well enough, there are still unaddressed challenges facing students, employers, and other educational stakeholders in a global learning and employment marketplace. It is important that higher education leaders develop a deep understanding of the potential value and limitations of a variety of digital credentialing approaches and technical architectures, as they lead and prepare their institutions' processes and people to embrace current advances in digital credentialing. This report summarizes data from the recent American Association of Collegiate Registrars and Admissions Officers (AACRAO) survey on the use of digital credentials. It also includes a comparison of the digital credential technologies and set of recommendations around building out a responsive digital credentialing ecosystem in higher education. The survey was completed by 319 respondents from the AACRAO community in the United States and Canada. [This report was funded by Hyland.]