TechFlow, Aug 3 — According to a recent report jointly released by Ripple, CB Insights, and the UK Blockchain Technology Centre and reported by Cointelegraph, Citigroup, JPMorgan Chase, Goldman Sachs, and Japan's SBI Group have emerged as the most active traditional financial institutions backing blockchain startups.
The report indicates that between 2020 and 2024, global banks participated in 345 investments into blockchain companies, with the majority concentrated in early-stage funding rounds. Citigroup and Goldman Sachs each completed 18 deals, leading the industry, followed by JPMorgan Chase and Mitsubishi UFJ Financial Group, which each carried out 15 investments.
Among these, "mega funding rounds" of USD 100 million or more represented a key focus area for banks. Over the past four years, banks participated in 33 such rounds, with capital primarily flowing to firms focused on trading infrastructure, tokenization, custody, and payment solutions.
