Banks and other financial institutions continue to invest heavily in blockchain tools and services to support (and gain experience in) the crypto ecosystem without needing to engage directly.
Financial institutions are among the top public companies investing in blockchain firms in the past year, according to an analysis by BlockData, collectively participating in more than 30 funding rounds between September 2021 and mid-June.
Custody solutions and technology providers (like NYDIG, Fireblocks, Gemini, and Anchorage Digital) were popular among banks, as their client demand for digital assets has increased, as were blockchain infrastructure companies like Figment, Talos, and BlockDaemon.
See the chart from BlockData, which is owned by market intelligence platform CBInsights:
*Certik and FTX are Insight Partners portfolio companies.