Ripple: A Cryptocurrency Asset Could Reach 19 Trillion USD – Global Banks Are Going Digital

In a newly released report on July 30 titled "Banking on Digital Assets", Ripple in collaboration with CB Insights and the UK Blockchain Technology Centre revealed significant shifts in the global financial industry: banks are rapidly investing in and integrating blockchain technology, preparing for a digital future where encrypted assets could reach a value of up to 19 trillion USD by 2033. More than 345 Global Bank Investments in Blockchain According to the report, during the period from 2020 to 2024, there have been 345 investments made by banks worldwide in the blockchain sector, including 33 funding rounds exceeding 100 million USD. Despite the market undergoing the "crypto winter" of 2022 and the collapse of FTX, investment activity has rebounded strongly in 2024. Global Systemically Important Banks (G-SIBs) such as Goldman Sachs, Citigroup, JPMorgan Chase, and Mitsubishi UFJ Financial Group are leading institutions with a total of 106 investments, including 14 massive funding rounds. Notably, HSBC has become the first bank to experiment with quantum-secured encrypted gold transactions in 2024, a significant advancement in the application of this pioneering technology. Capital Flow and Growth Expectations Soar In total, over 100 billion USD has been poured into blockchain projects worldwide through more than 10,000 investment transactions in the past 4 years. Among them, investment funds in stablecoin issuing companies are predicted to increase 10 times by 2025 compared to 2024, according to CB Insights. The report also cites a forecast from the Boston Consulting Group, which suggests that the total value of tokenized assets will reach nearly 19 trillion USD by 2033, while a separate study by Ripple found that 90% of global financial leaders believe that blockchain will have a significant or very significant impact on the financial industry in the next three years. Blockchain – From Experimentation to Implementation No longer a "fringe" technology, blockchain is becoming a cornerstone of modern financial infrastructure, according to reports. Pioneer banks are not only investing in blockchain companies but are also actively integrating this technology into their own operational systems, shifting from the exploration phase to practical implementation. Applications of Blockchain are rapidly expanding in fields such as: Transaction of tokenized assets (tokenized assets)Cross-border remittanceDigital asset and treasury managementTrading of gold, securities, and real estate in token form The Legal Environment is Becoming Clearer Another highlight is the progress in the legal framework and global standardization, such as: ISO 24165: digital asset identification standard (Digital Token Identifier)EU MiCA Law: establishing legal standards for encrypted assets in Europe These regulations are expected to facilitate the flow of institutional capital into the blockchain sector, paving the way for widespread application in the traditional finance industry. Overcoming Doubts, Advancing Towards the Digital Future Although some experts still have concerns about volatility risks and cybersecurity, reports suggest that advancements in encryption and accessibility of crypto assets are strengthening the long-term position of Blockchain in the global financial ecosystem. Conclusion The report "Banking on Digital Assets" is a strong assertion that the blockchain revolution in the banking and finance sector is no longer a future story, but is happening right now. Pioneer organizations are not just standing by observing, but are actively investing, building, and reshaping the "financial rails" of the 21st century. With the potential of tens of trillions of USD in asset value to be digitized, the game of blockchain and traditional finance has entered a new chapter – where the adaptable will survive and thrive.