Financial institutions consider blockchain as the key to modernizing finance, 90% of executives expected major impacts by 2028.
Traditional banks have invested more than $ 100 billion in blockchain projects from 2020 to 2024, showing that digital assets become general public. A report by Ripple, CB Insights and the United Kingdom Center for Blockchain Technologies examined more than 10,000 agreements and interviewed 1,800 financial leaders worldwide.
Despite the regulatory uncertainty and volatility of the market, banks strengthen custody, tokenization and investment in payment infrastructure.
The payment infrastructure has attracted the most funding, followed by the Carer of Cryptography and Channel Currency. About 25% of investments target companies supporting regulation and asset issuance rails.
More than 90% of finance leaders expect blockchain and digital assets to have a significant impact on finance by 2028.
Banks focus on keeping digital assets, stables and assets of the real tokenized world, while cryptography services intended for consumers remain less critical.
The report stresses that the investment aims to modernize financing systems rather than speculation on fuel. Many banks provide for digital asset initiatives in three years, tokenized obligations with interoperable layers for CBDC and Stablecoins.
Do you want to know more about AI, technology and digital diplomacy? If so, ask our Chatbot Diplo!
