Trends2024

A new report by Ripple, in collaboration with CB Insights and the UK Centre for Blockchain Technologies, reveals that traditional financial giants Citigroup, JPMorgan Chase, and Goldman Sachs have been at the forefront of blockchain investments from 2020 to 2024. Analyzing over 1,800 banks globally, the study found that these institutions led the way with the most active participation, making 18 investments each for Citigroup and Goldman Sachs, and 15 deals by JPMorgan Chase.
The report highlights that global banks made 345 investments in blockchain companies during this period, focusing heavily on early-stage startups, such as seed and Series A rounds. These investments target blockchain infrastructure with applications in institutional trading, tokenization, cross-border payments, and digital asset custody. Notably, 33 mega-rounds worth over $100 million were among the deals.
Citigroup works to transform blockchain into a 24/7 settlement engine, JPMorgan pilots public blockchain transactions with tokenized U.S. Treasuries, and Goldman Sachs concentrates on digitizing assets and smart contract markets. These banks aim not just to invest but to fundamentally reshape global finance by bridging traditional finance (TradFi) with decentralized finance (DeFi).
With regulatory clarity improving in major markets and rising institutional adoption, blockchain is becoming an essential pillar for financial institutions' future strategies. The report concludes that blockchain adoption is no longer optional but inevitable for banks to remain relevant in a rapidly evolving economy.
Summary points:
Citigroup, JPMorgan, and Goldman Sachs are leaders in blockchain investments among global banks.Between 2020-2024, global banks made 345 blockchain investments, including 33 mega-rounds.Focus is on early-stage blockchain startups with applications in trading, tokenization, and cross-border payments.These banks aim to integrate blockchain deeply into financial systems, developing scalable, compliant solutions.Regulatory improvements and industry demand drive increasing blockchain engagement among traditional finance players.
This marks a significant shift from pilot projects to active blockchain deployment and investment by major banks, proving that blockchain technology is becoming central to the future of finance.
Feel free to share this update, highlighting how traditional finance is embracing blockchain to transform global financial infrastructure. A new report by Ripple, in partnership with CB Insights and the UK Centre for Blockchain Technologies, reveals that Citigroup, JPMorgan Chase, and Goldman Sachs are leading traditional financial institutions investing in blockchain technology. The study analyzed over 1,800 banks from 2020 to 2024, finding that these banks made the most blockchain investments, with Citigroup and Goldman Sachs making 18 deals each, and JPMorgan Chase 15.
The report highlights a strategic focus on early-stage blockchain startups involved in trading infrastructure, tokenization, cross-border payments, and digital custody. These banks are moving beyond pilots to deploy scalable blockchain solutions, aiming to integrate traditional finance with decentralized technologies. Regulatory clarity, increased institutional adoption, and collaborations with fintech firms are accelerating blockchain adoption within the banking sector, marking blockchain as a key part of future financial infrastructure.
In short:
Citigroup, JPMorgan, and Goldman Sachs lead global banking investments in blockchain (2020-2024).345 blockchain deals made by banks, including 33 mega-rounds over $100 million.Early-stage investments target foundational blockchain infrastructure with practical use cases.Banks view blockchain as essential for building next-generation finance systems.Growing regulatory clarity and fintech partnerships support blockchain scaling in finance.
This report signals a major shift as legacy banks become active players in blockchain innovation, securing their role in the evolving digital economy.
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