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Traditional banks invest over $100 billion in blockchain over three years.
According to news from HashChain, a Ripple report indicates that since 2020, banks have invested over $100 billion in blockchain infrastructure, optimistic about the future potential of digital assets. Despite regulatory uncertainty and market volatility, banks are increasing their investments in custody, tokenization, and payment infrastructure. At the same time, 90% of financial executives expect these technologies to have a significant impact on the financial industry within the next three years. From 2020 to 2024, traditional financial institutions globally participated in 345 blockchain transactions, with payment-related infrastructure accounting for the largest share, followed by cryptocurrency custody, tokenization, and on-chain foreign exchange transactions. Approximately 25% of investments focus on infrastructure providers supporting blockchain computing and asset issuance.
$XRP #Blockchain # Cryptocurrency #Ripple # Deutsche Bank #Standard Chartered Bank