Report: Citigroup, JPMorgan Chase, Goldman Sachs, and SBI Group are the most active participants in TradFi blockchain business

According to ChainCatcher news reported by Cointelegraph, Ripple has collaborated with CB Insights and the UK Blockchain Technology Centre to release a latest report indicating that Citigroup, JPMorgan, Goldman Sachs, and Japan's SBI Group have become the most active participants in the traditional financial sector supporting blockchain startups.

From 2020 to 2024, global banks participated in 345 investments in blockchain companies, most of which were in the early financing stages. Citigroup and Goldman Sachs led with 18 investments each, followed closely by JPMorgan and MUFG with 15 investments each. Over four years, these banks participated in 33 rounds of such financing, investing in companies focused on trading infrastructure, tokenization, custody, and payment solutions.