Cryptocurrency markets

The 13 banks with the biggest investments in the crypto sector

The 13 banks with the biggest investments in the crypto sector
Financial institutions are capturing a portion of the fast-growing $2 trillion cryptocurrency market, according to analytics company Blockdata, with 13 of the world's largest banks currently sending nearly $3 billion in funding to cryptocurrency and blockchain companies.

The information company, in an updated report this week, published a list of the 13 banks that lead in the size of funding rounds as a proxy for cryptocurrency investment, saying they used the measure because the banks participated in funding rounds with multiple investors.
London-based Standard Chartered tops the list with an estimated $380 million in funding rounds in which it participated, while its London-based rival Barclays is recognized as the most active investor in terms of the number of investments in blockchain companies.
The 13 banks with the biggest investments in the crypto sector

The 13 banks with the biggest investments in the crypto sector

Blockdata found that 55% of the world's top 100 banks by assets under management invest directly or indirectly in companies and projects related to digital currencies and blockchain.
Here's a list of the top 13 banks in terms of the size of funding rounds as a proxy for investment:The main goal of the MOBOX platform is to help users get NFT interactions between networks and games. NFT can be used in three blockchains: Ethereum, Tron and BSC. MOBOX currently plans to launch three NFT games in 2021. With NFT gamification, users will be able to play and earn using NFT.
Standard Chartered - $380 million and 6 investments.
The bank's investments include blockchain network Ripple, whose XRP token has a capitalization of about $48 billion, according to Coinmarketcap, making it the sixth-largest cryptocurrency by market value. It is also an investor in Cobalt, a U.K.-based trading technology provider.
    
BNY Mellon - $321 million and five investments.
BNY lists Fireblocks, whose platform allows financial institutions to issue, move and store cryptocurrencies. According to Blockdata, banks invest the most in cryptocurrency storage or services in which companies look after their customers' digital assets for a fee. It found that 23 of the top 100 banks are either building their own custodial technology or integrating the tech service provider's products into their own systems.
    
Citibank - $279 million and 14 investments.
The fourth-largest bank in the U.S. by assets invested in SETL, whose accounting technology is used to move cash and other assets.
    
UBS, $266 million and five investments.
The Swiss banking heavyweight includes Axoni, whose technology is used to upgrade infrastructure in capital markets.If you don't want to go the adventure route, you can buy the chest immediately for zoo tokens. These are available in two versions: gold or silver. Only the gold chest contains an NFT booster. The silver chest has a 10% chance of getting NFT. Once you buy a chest, the tokens used to purchase it are burned.
BNP Paribas - $236 million and 9 investments.
The French financial group worked with Digital Asset to develop real-time trading and settlement applications using smart contracts based on the DAML programming language.
    
Morgan Stanley - $234 million with 3 investments.
One of its investments is NYDIG, a crypto-custody firm and bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager.
    
JP Morgan Chase - $206 million and 8 investments.
ConsenSys, an etherium software company, was backed by the largest U.S. bank.The platform has an insurance model to protect the player's investment. The Pulsar beta game is designed to eliminate threats from whales and bots to increase the security of the platform. When users buy NFT in the first crop farm, they can access a pre-sale event. In turn, they will receive Beta Pulsar tokens for NFT and thus limit the chances of price dumping.
Goldman Sachs - $204 million and 8 investments.
Its list includes Coin Metrics, a provider of blockchain data to institutional clients.
    
MUFG - $185 million and 6 investments.
Japanese financial group Mitsubishi UFJ invested in Coinbase , a U.S. cryptocurrency exchange that went public in April, and Bitflyer, a cryptocurrency exchange in Tokyo.
    
ING - $170 million and six investments.
The Dutch multinational backed HQLAx, a blockchain liquidity management platform.
   
BBVA - $167 million and 5 investments.
The Spanish lender's list includes Covault, whose technology is used for storage, exchange and identity verification.
    
Nomura - $146 million and 5 investments.
    
Quantstamp, a blockchain security company, is one of the companies the Japanese bank supports.
    
Barclays - $12 million and 22 investments.
    
The British multinational's investment list includes RealBlocks, a tech platform that connects advisors and investors with alternative investment managers.The user can only participate in the crop after reaching a certain BASED token target. When you accumulate 100 BASED tokens worth $150 at the end of the rebasing event, you can take advantage of future price moves. The longer you stack your tokens, the better your future returns will be. If you want to get the most out of yield farming, you must consider both price and supply and strategize accordingly.

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