Citigroup, JP Morgan, Goldman Sachs lead TradFi's blockchain charge: Ripple
Main Idea
Traditional finance giants like Citigroup, JPMorgan, and Goldman Sachs are leading investments in blockchain technology, focusing on areas such as tokenization, custody, and payments, with significant capital poured into early-stage and mega-round deals.
Key Points
1. Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, with Citigroup and Goldman Sachs leading with 18 deals each.
2. Mega-rounds (deals worth $100 million or more) were a key focus, with banks contributing to 33 such rounds, including notable investments like CloudWalk in Brazil and Solaris in Germany.
3. Global Systemically Important Banks (G-SIBs) were particularly active, with over 100 deals in blockchain companies, led by US and Japanese institutions.
4. Stablecoin volumes reached $650–$700 billion per month in Q1 2025, with more banks launching their own stablecoins to offer programmable money without volatility exposure.
5. Tokenization is expected to be a major trend, with estimates suggesting tokenized real-world assets could exceed $18 trillion by 2033, growing at a compound annual rate of 53%.
Description
TradFi giants made 345 blockchain investments between 2020–2024, with G-SIBs leading 100+ deals across tokenization, custody and payments.
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