Traditional Banks Drive Innovative Crypto Adoption with Massive Investments
Main Idea
Traditional banks have invested over $100 billion in cryptocurrency and Blockchain infrastructure from 2020 to 2024, with a focus on cross-border payments, custody solutions, and tokenization, despite regulatory challenges.
Key Points
1. From 2020 to 2024, traditional finance institutions were involved in 345 Blockchain agreements, with cross-border payments accounting for the largest share.
2. 65% of bank executives are actively exploring custody services, and over half prioritize stablecoins and tokenized assets.
3. Key examples of bank initiatives include HSBC’s tokenized gold platform, Goldman Sachs’ GS DAP instrument, and SBI’s quantum-resistant currency initiative.
4. 90% of finance leaders believe Blockchain adoption will streamline balance sheet rails by 2028, with half anticipating launching CBDCs and private stablecoins within three years.
5. Despite regulatory caution in the US and Europe, emerging markets like the UAE, India, and Singapore have accelerated Blockchain adoption.
Description
Traditional banks invested $100 billion in crypto and Blockchain since 2020. Cross-border payments received the largest share of Blockchain investments. Continue Reading: Traditional Banks Drive Innovative Crypto Adoption with Massive Investments The post Traditional Banks Drive Innovative Crypto Adoption with Massive Investments appeared first on COINTURK NEWS .
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