Over the past four years, large banks, including Citigroup, JPMorgan Chase, Goldman Sachs and SBI Group, have invested $ 100 billion in blockchain projects and took part in 345 investment rounds, Ripple said.

Large banks paid especially willing attention to the rounds of financing with a volume of $ 100 million and higher. The funds were sent to the blockchain company engaged in the development of logistics, payment decisions and the tokenization of assets.

American and Japanese banking holdings were leading in the number of transactions. The top management of the financial industry believes that blockchain and digital assets will have a great influence on the market in the next three years, representatives of Ripple said.

The investment boom is stimulated by the growing demand for blockchain applications associated with stablecoins. Ripple noticed that more and more banks launch their own stablecoins, offering customers new tools for receiving income.

“The blockchain ceased to be an experiment. It became the basis of the new financial infrastructure. We observe the transition from individual pilot projects to strategic integration of digital decisions into the core of the banking system. The blockchain has become a priority area of digitalization, ”said Ripple.

Ripple believes that blockchain helps banks reduce costs, speed up settlements, simplify capital movement and increase transparency of operations. The transition from pilot projects to real integration indicates the inclusion of blockchain solutions in the basic structure of the global financial system, representatives of the company that produces the XRP cryptocurrency and the RLUSD stabilcoin.

Earlier, the head of the Standard Chartered digital assets department, Jeoffrey Kendrick, said that representatives of the banking industry in the vast majority prefer stabilcoin’s first cryptocurrency.