A new report by Ripple, CB Insights, and the UK Centre of Blockchain Technologies reveals that the blockchain is no longer just for the crypto bros – global banking giants are among its most active investors.
Of those, 345 investments included major banks, with 33 of those contributions topping $100M. Citigroup, JP Morgan Chase, Goldman Sachs, and Japan’s SBI Group were among the biggest spenders.
Interestingly, tokenization emerged as a core focus of their strategies.
The reason is that blockchain technology can streamline transactions, slash costs, and enable global access around the clock.
Among the 33 banks investing over $100M, the research found that the highest investments came from institutions based in the US and Japan, followed by Singapore, France, and the UK.
Of the ‘mega-round’ deals, the Web3 use cases that stood out among TradFi firms included institutional infrastructure for trading, staking, and tokenization. Together, they accounted for 27% of deals.
This growing appeal comes from the fact that tokenization enables investors to purchase small portions of traditionally high-cost assets, like real estate or bonds. This helps open up investment opportunities to more participants.
He recently announced that Commission staff will take active steps to remove regulatory roadblocks and work with firms looking to tokenize stocks, bonds, and other securities.
It also includes the foundational tools needed to power future tokenized economies, like smart contracts, DeFi, and the ability to mint wrapped crypto assets cross-chain.
Here’s how it works:
If you hold $HYPER, the project’s native token, you can also enjoy lower gas fees, governance rights, and staking rewards at a 156% APY.
As interest in Bitcoin Hyper’s Layer 2 solution continues to grow, so too does the presale.
It’s attracting early supporters eager to capitalize and utilize its high-speed infrastructure, real-world utility, and tokenized future.
As traditional banks invest more into the blockchain and the SEC makes moves to make its crypto policy less stringent, a new era of tokenized finance is quickly falling into place.
This isn’t investment advice. DYOR and put in more than you’re willing to lose.
