Report: Citigroup, JPMorgan, Goldman Sachs, and SBI Group Lead Traditional Financial Institutions in Blockchain Deployment

BlockBeats News, August 3—According to a report by Cointelegraph, a new joint report released by Ripple, CB Insights, and the UK Blockchain Technology Centre shows that Citigroup, JPMorgan Chase, Goldman Sachs, and Japan’s SBI Group have become the most active representatives of traditional financial institutions supporting blockchain startups.

The report points out that between 2020 and 2024, global banks participated in 345 investments in blockchain companies, with most concentrated in the early-stage financing rounds. Among them, Citigroup and Goldman Sachs each completed 18 deals, leading the industry; JPMorgan Chase and Mitsubishi UFJ followed closely, with 15 investments each.

Notably, “mega funding rounds” of $100 million or more have been a key focus for banks. Over the past four years, banks have participated in 33 such rounds, with funds mainly flowing to companies specializing in trading infrastructure, tokenization, custody, and payment solutions.