Blockchain in Banking and Financial Services Market Report 2026

The blockchain in banking and financial services market size has grown exponentially in recent years. It will grow from $10.65 billion in 2025 to $16.27 billion in 2026 at a compound annual growth rate (CAGR) of 52.8%. The growth in the historic period can be attributed to increasing operational inefficiencies in legacy banking systems, rising cybersecurity concerns, early blockchain pilot programs by banks, growing need for faster settlements, expansion of digital banking services.

The blockchain in banking and financial services market size is expected to see exponential growth in the next few years. It will grow to $88.82 billion in 2030 at a compound annual growth rate (CAGR) of 52.8%. The growth in the forecast period can be attributed to increasing investments in blockchain infrastructure by banks, rising adoption of decentralized finance models, expansion of real-time payment systems, growing regulatory acceptance of blockchain solutions, increasing focus on cost reduction and automation. Major trends in the forecast period include increasing deployment of private and consortium blockchains, rising use of blockchain for fund management, growing adoption of real-time loan processing, expansion of blockchain-based liquidity management, enhanced focus on transaction transparency.

The increasing adoption of cryptocurrency is propelling the growth of blockchain in the banking and financial services market. Cryptocurrency is defined as a digital or virtual currency that employs cryptography for security and functions independently of any central authority or government. The rising acceptance of cryptocurrencies by businesses and financial institutions significantly contributes to their popularity. Moreover, heightened awareness and understanding of cryptocurrencies among the general public and institutional investors are further driving their adoption. Blockchain technology offers crypto users a secure, transparent, and decentralized platform for buying, selling, and storing cryptocurrencies, facilitating peer-to-peer transactions without intermediaries. For example, in September 2024, Security.org, a US-based organization dedicated to providing free access to information and resources, reported that cryptocurrency ownership rates among American adults rose from 30% in 2023 to 40% in 2024, indicating a growing acceptance and interest in digital assets. Therefore, the rising use of cryptocurrency is expected to drive market growth.

Major companies in the blockchain sector for banking and financial services are increasingly utilizing blockchain technology to mitigate fraudulent transactions, particularly through crypto storage services, to secure a competitive edge. These crypto storage services effectively manage and safeguard digital assets, offering solutions such as hot wallets for accessibility and cold wallets for heightened security against hacking threats. For example, in October 2024, Ripple, a US-based technology firm specializing in blockchain solutions for payment processing, launched a suite of new crypto custody services aimed at assisting banks and fintech firms in managing digital assets for their clients. This initiative features pre-configured operational settings and policy frameworks to facilitate asset management. Notable aspects include integration with the open-source XRP Ledger, advanced monitoring for anti-money laundering compliance, and a user-friendly interface designed for ease of use. Through these services, Ripple aims to enhance the digital asset storage capabilities of financial institutions, positioning itself competitively against established players like Coinbase and Gemini while broadening its reach beyond traditional payment settlement solutions.

In September 2023, Ripple, a US-based technology company that specializes in blockchain and digital payment solutions, acquired Fortress Trust for an undisclosed sum. This acquisition is aimed at bolstering Ripple's crypto infrastructure by integrating Fortress Trust's capabilities and licenses, thereby enhancing customer experiences and exploring new product offerings, ultimately positioning Ripple as a comprehensive solution for enterprises seeking to manage value on the blockchain. Fortress Trust is a US-based technology firm specializing in blockchain-based solutions, with a particular focus on providing digital asset management and compliance services.

Major companies operating in the blockchain in banking and financial services market are SAP SE, Amazon Web Services, IBM, Accenture plc, Oracle Corporation, ConsenSys, Hewlett Packard Enterprise, Bitfury Group Limited, Infosys, Auxesis Services & Technologies (P) Ltd, DigitalX, Power Ledger, Data61ANZ, Westpac, Lapits, Indra Capital, Hashcash Consultants, L&T Infotech, Hyperlink InfoSystem, Moontek, EvaCodes, Innowise Group, Infograins, Trust Alliance Information Development Inc., Ltd, Tech Exactly, Chimpare, SoluLab, Blockchain.com, Elliptic, Zamna, Adhara, Argo Blockchain, Everledger, Travala.com, Coinfirm, Unicsoft, Aspired, ELEKS, Labrys, NaNLABS, Amaris, Say Digital I/O, Artezio, CodeInside, Crypton Studio, IT Test, EVEN Lab, Evrone, Around25, Pixelette Technologies Ltd, RebelDot, Zitec, Agile Freaks, Altasoft Software Solutions, WebitFactory, Microsoft Corporation, Intel, JPMorgan Chase & Co, Akamai Technologies Inc, AlphaPoint, BitOasis, Pyypl, Zone, Gath3r, MidChains, HAYVN, DEFiYIELD, MenaPay, Light Protocol, Afriex, BitPesa, Bitsoko, BTCGhana, Luno, Ice3X, GeoPay, Dash, BitSure, Sava, Standard Bank.

North America was the largest region in the blockchain in banking and financial services market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in banking and financial services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the blockchain in banking and financial services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The blockchain in the banking and financial services market includes revenues earned by entities by offering public blockchain, private blockchain, and other blockchain services for banking and financial services. Blockchain offers a form of digitalized, decentralized public record of all transactions. Blockchain was designed to record everything of value and not just transactions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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