Big banks like Citigroup, JPMorgan, Goldman Sachs, and Japan’s SBI Group are pouring tons of money into blockchain startups.
A new report from Ripple, CB Insights, and the UK Centre for Blockchain Technologies says they made 345 investments from 2020 to 2024.
Citigroup and Goldman Sachs led with 18 deals each, while JPMorgan and Mitsubishi UFJ had 15. Most of these bets were on early stage companies, showing banks are super excited about new blockchain ideas.
Banks Bet Big on Blockchain’s Future
The report talks about 33 huge deals, each worth over 100 million dollars, focused on things like trading tools, tokenization, custody, and payments.
For instance, Brazil’s CloudWalk raised more than 750 million dollars with the help of Banco Itaú and Germany’s Solaris received more than 100 million dollars from SBI Group. Large banks, referred to as G-SIBs, executed 106 transactions, out of which 14 were mega ones, showing they’re serious about blockchain.
More than 100 billion dollars was invested in blockchain startups in 10000 deals globally in those few years. Ripple surveyed 1800 finance leaders and 90 percent responded that blockchain will disrupt finance by 2028. New US and European regulations, such as the GENIUS Act and MiCA, are simplifying it for banks to enter.
Stablecoins are exploding, with 650 to 700 billion dollars traded every month in early 2025, according to Citi. Banks are even creating their own stablecoins. Ripple and Boston Consulting Group believe tokenized assets may reach 18 trillion dollars in the year 2033, increasing rapidly.
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