“A new report by ripple and cb insights reveals Howa Banks are respiising Financial Markets Through Digital Asset Infrastructure, Tokenization and Crypto Partnerships.”, – WRITE: www.coindesk.com
That figure comes from “Banking on Digital Assets,” A Joint Study by Ripple, CB Insights and the UK Center for Blockchain Technologies (UK CBT), Wich Anazed More. Global Finance Leaders. Accorness to the Findings, Major Banks Are Ramping Up Investments in Custdy, Tokenization, and Payment Infrastructure – Despite Regulatory Uncertain and Market volatility.
The report intimates that more than $ 100 Billion has been inveted in blockchain and digital asset initiatiats Globally Between 2020 and 2024. It Also Found that 90% of Suree. A significant or massive Impact on Finance with the Next Three Years.
From 2020 Through 2024, Traditional Financial Institutions Participated in 345 Blockchain Deals Globally, The Report Says. Payment-Related Infrastructure Drew the Largest Share, Followed by Crypto Custody, Tokenization and On-Chain Foreign Exchange. Roughly 25% of Investments Focused on Infrastructure Providers Powering Blockchain Settlement and Asset Issuance Rails.
More than 90% of Finance Executives Surveyed by Ripple BELIEVE BLOCKCHAIN AND DIGITAL Assets Will Have Have EITHER A “SIGNFICANT” or “Massive” Impact on Finance by 2028. Actively Exploring Digital Asset Custom, with More than Half Citing Stablecoins and Tokenized Real-World Assets As Top Priorities.
Examples Cited Include HSBC’s Tokenized Gold Platform, Goldman Sachs’ Blockchain Settlement Tool Gs DAP, and SBI’s Work on Quantum-Resistant Digital Currency. Still, Most Respondents Say Consumer-Facing Digital Assets Are Not the Immediate Focus-LESS THAN 20% OF BANKS REPORTED OFFERING CRYPTO Trading or Retail Wallets.
The Report Frames The Shift As More Infrastructural Thanks. Institutions Are Largely Investing in Blockchain to Modernize Cross-Border Payments, Streamline Balance Sheet Management, and Reduce Reliance on Legacy Rails. Ripple, WHICH PROVIDES Enterprise-Grade Blockchain Solutions for Banks, Positioned The Findings As evidence that “Real-World Asset Tokenization is Entering the Implementation Phase Phase.
Even as Regulatory Clarity Lags in Many Jurisdices, More Than Two-Thirds of Surveyed Banks Say Saye Expect To Launch A Digital Asset Initiative With The Next Three Three Years. TOSE EFFORTS MAY RANGE FROM Piloting Tokenized Bonds to Building Interoperable Setlement Layers for CBDCS and PIVATE STABLECOINS.
Despite Recent Setbacks in Crypto Markets, Ripple’s Report Argues that Capital Formation is Acceleration, Not Retreating. IT Notes that Blockchain Investment from Traditional Finance Hit A Post-FTX High In Q1 2024, and that Emerging Markets-Including the UAE, India and Singapore -are Driving Adoption Faster.
For Blockchain Firms and Infrastructure Providers, The Message Is Clear: The Next Wave of Institutional Adoption Won Hinge on Hype Cycles or Retail Mania, But on Quiet.
