Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency and/or blockchain-related companies. Either directly, or throu

Top Banks Investing in Crypto & Blockchain Companies

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2021-08-05 09:00:05

Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency and/or blockchain-related companies. Either directly, or through subsidiaries.

The most active investors based on the number of investments in blockchain companies are Barclays (19), Citigroup (9), Goldman Sachs (8), J.P. Morgan Chase (7) and BNP Paribas (6).

In most cases, we cannot determine how much money these banks have invested, as they participate in funding rounds with multiple or many other investors.

As a proxy of this, we can look at the valuations of the rounds they participated in. Based on this, the investors active in the biggest funding rounds are Standard Chartered ($380M in 6 rounds), BNY Mellon ($320.69M in 5 rounds), Citigroup ($279.49M in 9 rounds), UBS Group ($266.2M in 5 rounds) and BNP Paribas ($236.05M in 9 rounds).

We also looked into which blockchain companies the top 100 banks are investing in, what use cases they are working on and in which industries these are happening. If you're interested in our complete dataset, get in touch with us.