A new report by Ripple, in collaboration with CB Insights and the UK Blockchain Technology Centre (UKCBT), has discovered that 90% of global finance leaders believe blockchain will have a “significant or large-scale” impact on the financial industry within the next three years.
This shows that banks and financial institutions are no longer exploring technology, but are actively implementing it.
Blockchain moves from pilot to practice
Ripple’s findings show that institutions now view blockchain as the foundational layer of tomorrow’s financial infrastructure.
Whether it allows for close, cross-border settlements, create programmable money through smart contracts, or promote fractional ownership of real-world assets (RWAS), blockchain is at the heart of many strategic roadmaps.
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In 2025 alone, Stablecoin Transactions averaged $700 billion per month, with forecasts from the Boston Consulting Group forecasting nearly $19 trillion in tokenized assets by 2033, showing strong demand.
“Financial institutions are making their blockchain work: providing portfolios, enabling crypto payments, providing custody services, symbolizing assets, and more.”
Who is investing?
Ripple Report analyzed data from over 8,000 blockchain startups and 1,800 banks, revealing more than 30 mega-round fund transactions (over $100 million) between 2020 and 2024 involving major financial institutions.
JPMorgan Chase, Goldman Sachs and SBI Group are one of the most active investors and show strong interest in building infrastructure for tokenization, staking and digital asset trading.
Rakbank has even blurred the line between Tradfi and Defi, becoming the first traditional UAE bank to offer retail crypto trading.
Regulation: Growing fault lines
Despite progress, not all financial institutions are on board. British banking giant Barclays announced it would block crypto transactions via Barclay Card, citing its lack of volatility and regulatory protection.
In contrast, JPMorgan is reportedly investigating crypto-backed loans, indicating an increase in comfort with digital assets as long as the framework evolves with them.
Related: Ripple CTO dismisses Sam Bankman-Fride’s Forbes Defense as “nonsense”
In Ripple Report, UKCBT’s Francesco Pierangeli highlighted the need for sharing standards, robust security, and cross-border legal clarity to completely unlock the benefits of decentralized finance.
American Fintech concluded that blockchain is “no longer an option,” and concluded that providing new financial services is now necessary for financial institutions to survive longevity.
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