🔥No longer an outsider, the giants of Wall Street Citigroup, JPMorgan Chase, and Goldman Sachs are quietly leading the traditional finance (TradFi) invasion into the world of blockchain. According to a recent report from Ripple, from 2020 to 2024, global banks have made 345 investments in blockchain companies, with over 100 deals coming from the G-SIBs group, the financial institutions that 'if they collapse, the whole world shakes'.
Notably, Citigroup and Goldman Sachs each led with 18 deals, followed by JPMorgan and Mitsubishi UFJ. Not only are they investing broadly, but they are also targeting specific strategic areas: asset tokenization, trading infrastructure, custody, and payments.
Notable deals such as CloudWalk (Brazil) with over 750 million USD in funding or Solaris (Germany) receiving hundreds of millions from SBI Group show a very clear appetite for investment and a strong ambition for acquisition.