Major international banks have investments in blockchain projects
It is estimated that at least 55 of the traditional financial institutions are increasingly interested in participating in the crypto market and offering their users innovative products
International financial institutions are entering the blockchain ecosystem. This was highlighted in the research carried out by the Blockdata consultant, which reflects that “55 of the 100 main fundamental banks have investment participation in blockchain technology companies, crypto initiatives or specific projects through subsidiary companies.”
This trend has been increasing in the market of the cryptocurrencies for months, so financial companies are more focused on developing projects and initiatives related to crypto assets in order to provide better and innovative services to their customers.
The study also emphasizes that the custody service occupies 25 % of participation in the 100 larger banks. “Financing in startups blockchain has grown considerably, to double the levels reached in 2020″, stresses the Blokdata document.
The growth of the demand of users to invest in cryptocurrencies, the income that new companies in the sector have reported, as well as the regulatory and legal measures that States and Governments are taking with respect to the crypto coins are determining factors for the traditional financial sector to participate in this new market.
Blockdata said that within the actors who participated in the study are Barclays, Citigroup, Goldman Sachs, JPMorgan and BNP Paribas, which offer you, within its product portfolio, different investment initiatives in digital assets for its users.
M. Rodríguez.
Source: themoneypost.io.
