In March 2024, State Street, the third-largest custodian bank in the world with $41 trillion in assets under custody, announced it was...
When FTX collapsed in November 2022, $8 billion in customer deposits vanished because customers trusted a centralised exchange to hold their money...
In December 2024, Revolut applied for a full UK banking licence while simultaneously expanding its blockchain-based payment infrastructure across Europe and Asia....
After FTX collapsed in November 2022, cryptocurrency exchanges faced a simple question from customers: prove you have our money. Within weeks, Binance,...
In November 2024, Solana processed over 65 million transactions in a single day, more than Ethereum, Arbitrum, and Polygon combined. The same...
The Depository Trust and Clearing Corporation (DTCC) processed $2.5 quadrillion in securities transactions in 2023, making it the most important financial infrastructure...
In September 2024, Visa published a research paper describing “smart contract wallets” that could automatically manage a user’s finances: paying bills, rebalancing...
In 2024, Broadridge Financial Solutions reported that its blockchain-based repo platform had processed over $1 trillion in cumulative transaction volume. The number...
When the European Investment Bank issued a €100 million digital bond on a public blockchain in April 2021, it was the first...
In December 2024, the total value locked in decentralised finance protocols exceeded $100 billion for the first time since the 2022 market...
Financial services firms experienced 744 reported data breaches in 2023, according to the Identity Theft Resource Center. The industry consistently ranks among...
In January 2020, the total value locked in all DeFi protocols across all blockchains was $650 million. By November 2021, it was...
SWIFT, the financial messaging network that connects 11,000 institutions across 200 countries, began testing blockchain interoperability in late 2023 with over 30...
In January 2024, Dubai’s Virtual Asset Regulatory Authority (VARA) issued its 19th operating licence for a digital asset company. The same month,...
Larry Fink, CEO of BlackRock, told shareholders in his 2024 annual letter that tokenisation of financial assets would be “the next generation...
In May 2024, the State of Wisconsin Investment Board disclosed a $163 million position in BlackRock’s spot Bitcoin ETF. A public pension...
A wire transfer between New York and Tokyo still takes one to three business days to settle. The sender’s bank debits the...
Coinbase reported $6.6 billion in revenue for 2024. Uniswap, a decentralised exchange with no corporate headquarters and roughly 80 employees, facilitated over...
In March 2023, a single Ethereum transaction executed a flash loan of $200 million, used it to arbitrage a price difference across...