Citigroup, JPMorgan Chase, Japan’s Goldman Sachs and SBI Group have emerged as the most active players in traditional back -up blockchain startups, according to a new Ripple report in collaboration with CB Insights and the UK Center for blockchain technologies.
Between 2020 and 2024, global banks participated in 345 investment in blockchain companies, most of them in early stage funding rotations, each Report. Citigroup and Goldman Sachs led the pack with 18 deals each, while JP Morgan and Mitsubishi UFJ followed 15 investments.
Mega-rounds, deals worth $ 100 million or more, are a major focus. Banks contributed to 33 such as rotating within a four-year window, pouring capital into companies dedicated to trade infrastructure, tokenization, precautions, and payment solutions.
Noteworthy examples include Cloudwalk in Brazil, which has raised more than $ 750 million throughout the two twisted supports supported by Banco ITAú and others. Also, Solaris in Germany gained more than $ 100 million from the SBI Group and eventually became a target of the majority.
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G-sibs back blockchain with 100+ deals
Global important banks (G-SIs), a group of financial institutions with this significant economic weight that their failure can trigger global instability, with an account of 106 deals, including 14 mega-rounds worth more than $ 100 million each.
US and Japanese institutions are leading the volume of deals, but Singapore, France, and the UK are also active. In total, more than $ 100 billion were poured into blockchain startups between 2020 and 2024 into over 10,000 deals worldwide.
Ripple’s survey of more than 1,800 global finance leaders also found that 90% believe that blockchain and digital assets will have a “meaningful or massive” impact on the industry for three years.
Momentum is also supported by regulatory development, including Guide and Establishment of National Change for US Stablecoinsor Genius Act, in the US and Crypto-Assets markets (MICA) In the EU, both provide a clearer framework for digital asset operations.
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Banks Back Stablecoins, Tokenization Next
Supporting investment trend is increasing demand for real-world blockchain applications. According to a Citi report, Stablecoin volumes hit $ 650- $ 700 billion per month at Q1 2025, and many banks launch their own stablecoins to offer program -aggravated money without exposure to volatility.
At the forefront, the tokenization is expected to be a determination of the trend. The Boston Consulting Group and Ripple estimated that tokenized real-world assets could exceed $ 18 trillion by 2033, with a compound annual growth rate of 53%.
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