• Blockdata compiled a list of the 13 banks that have invested the most in cryptocurrency and blockchain companies to date.
  • Coinbase, Ripple, and NYDIG have landed financial backing from big banks.
  • 55% of the world’s top 100 banks are investing in the crypto and blockchain space.
  • See more stories on Insider’s business page.

Financial institutions are grabbing for a piece of the booming $2 trillion cryptocurrency market, with 13 of the world’s largest banks pushing roughly $3 billion in funding so far into cryptocurrency and blockchain companies, according to analytics company Blockdata.

The data firm in an updated report this week published a list of 13 banks that lead in terms of size of funding rounds as a proxy of investment into the crypto space, saying it used that measure as banks participated in funding rounds with multiple or many other investors.

London-based Standard Chartered leads the list with $380 million in valuation of the funding rounds in which it participated while its London-based rival Barclays ranked as the most active investor based on the number of investments in blockchain companies.

Blockdata found that 55% of the world’s 100 biggest banks by assets under management are investing directly or indirectly in companies and projects related to digital currencies and blockchain. https://markets.businessinsider.com/news/currencies/13-top-banks-investing-cryptocurrency-blockchain-technology-funding-blockdata-bitcoin-2021-8