That the blockchain technology is the next frontier in the financial industry is unquestioned. And not many of us have missed financial service executives praising the potentials of blockchain for the future of finance. We have already come across several announcements of financial institutions building solutions, testing tokenized transactions, partnering with other organisations, offering services, launching crypto investment products or taking a strategic stake in Web3 startups. The latest hype has been the issuance and offering of spot Bitcoin ETF’s by several institutions. But we don’t really have a full picture of all those developments.
As a novel infrastructure and marketplace for the future capital markets serving the institutional market, it was important for us to understand what especially global financial leaders have already built in relation to the blockchain technology, which products and service they’re offering in terms of digital assets, and in which ventures they’ve invested so far. But we couldn’t find any comprehensive report or structured source covering the space well enough. So we had to do our own research and collected all the information we found. The more dived in, the more we became impressed of how much, especially the big players in the market, have already progressed.
“Our findings are more than empowering and clearly demonstrates that the commitments of those major banks with a combined value of more than USD 43 Trillion are not just words, but a testament to the massive potential and transition to the blockchain technology, tokenization and the future of digital assets.”
The focus on blockchain, tokenisation, DeFi and digital investment products by those financial titans underscores a significant ongoing shift in the financial industry. It confirms that these technologies are no longer just experimental concepts, but essential tools for future-proofing financial operations. As these institutions continue to innovate and adapt, it becomes increasingly clear that blockchain and tokenized RWA (Real World Asset) offerings are set to become an integral part to the future of finance, promising unprecedented levels of efficiency, transparency, and accessibility.
Since we thought that the market is missing the massive progress, we decided to publish our findings in a structured way and share it with the public. The result of our investigation is compiled in this article, “Institutional Blockchain Adoption — The Top 30 Global Banks on the Forefront”, sorted according to their total assets and the relevance in terms of blockchain and digital assets initiatives.
At the end we also decided to create a full report out of it with some more deep dive. So this is the first insight articles and we’ll release the full report. Stay tuned and follow us to not miss it!
Those are the top 30 global banks we’re delving into this article:
We’ve compiled the list with those banks that are already known for their blockchain and crypto investment initiatives, organized it according to the total assets of the institutions by S&P Global, and mixed them also for a more global coverage. We’ve not taken into account the major Chinese Banks, which have the highest total assets, as we didn’t really find them relevant for our research and this list. But we also want to limit a little bit the expectations as this is not a full picture at all as we couldn’t cover really all projects, developments and investments and we didn’t talk with the banks’ teams as this would take many months more to coordinate and cover. Some projects are also already outdated, defunct or replaced, but we also wanted to cover early initiatives of all those banks.
This list is highlighting the most notable projects, offerings, collaborations and investments those banks did over the years. For an additional deep dive we’ve also added the sources of those findings and some more.
Visit our Medium Site for the full List: https://medium.com/riva-markets/institutional-blockchain-adoption-the-top-30-list-of-global-banks-on-the-forefront-24605fb3a1ed
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