55% of the top 100 banks have an impact on the crypto industry | Top DeFi

55% of the top 100 banks have an impact on the crypto industry

According to a study by Blockdata, blockchain market analysts, 55 of the top 100 banks by assets under management (AUM) have some form of exposure to the new technology. This involvement reportedly affects direct and indirect investments in crypto and decentralized technology firms by the banks themselves or through their subsidiaries. Blockdata research puts Barclays, Citigroup and Goldman Sachs among the most active backers of crypto and blockchain firms, and JPMorgan and BNP Paribas are also identified as investors in the emerging space.

These investments are part of a broader trend of significant support for blockchain startups, with funding figures already doubling the amount recorded in 2020, according to the KPMG report. The study also shows that holding crypto assets is a major focus for banks diving into the crypto industry.