Overview
- Traditional banks channeled over $100 billion into blockchain and digital asset initiatives from 2020 to 2024, participating in 345 deals and 33 mega-rounds valued at $100 million or more.
- Payment-related infrastructure attracted the biggest share of investment, with crypto custody, tokenization, on-chain foreign exchange also drawing significant funding.
- Citigroup and Goldman Sachs led in deal count with 18 investments each, followed by JPMorgan Chase and Mitsubishi UFJ Financial Group at 15 apiece.
- More than 90% of finance leaders surveyed anticipate blockchain and digital assets will have a significant or massive impact on finance within the next three years.
- Emerging markets including the UAE, India and Singapore are outpacing the U.S. and Europe in adoption under new regulatory frameworks such as the GENIUS Act and MiCA.