Ripple: Banks Have Invested Over $100 Billion in Blockchain Infrastructure Since 2020
Main Idea
A report by Ripple and CB Insights reveals that banks have invested over $100 billion in blockchain infrastructure from 2020 to 2024, focusing on payment-related infrastructure, crypto custody, and tokenization.
Key Points
1. Traditional financial institutions participated in 345 blockchain deals globally between 2020 and 2024.
2. Payment-related infrastructure drew the largest share of investments, followed by crypto custody, tokenization, and on-chain foreign exchange.
3. 65% of bank respondents are actively exploring digital asset custody, with more than half citing stablecoins and tokenized real-world assets.
4. Institutions are investing in blockchain primarily to modernize cross-border payment rails.
5. Emerging markets like the UAE, India, and Singapore are driving blockchain adoption faster than the U.S. and Europe.
Description
Traditional banks have invested more than $100 billion in blockchain since 2020, according to a recent Ripple-backed report claiming digital assets are going mainstream. That figure comes from “Banking on Digital Assets,” a joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies (UK CBT), which analyzed more than 10,000 blockchain deals and surveyed over 1,800 global finance leaders. According to the findings, major banks are ramping up investments in custody, tokenizati...
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