Bitcoin
$61,596.59-3.73%
Ethereum
$2,998.36-2.85%
Binance Coin
$538.13-0.27%
Solana
$133.07-2.13%
XRP
$0.49304724-0.53%
Dogecoin
$0.14727807-5.82%
Toncoin
$6.09-7.10%
Cardano
$0.44684792-2.00%
Shiba Inu
$0.00002212-2.67%
Avalanche
$33.75-2.31%
Tron
$0.10995115-2.61%
Wrapped Bitcoin
$60,252.53-5.95%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
02
DAYS
17
HR
35
MIN
02
SEC
Markets

Survey: Blockchain Capital Markets Spending to Reach $1 Billion in 2016

A new survey estimates that finance companies will invest as much as $1bn on blockchain initiatives related to capital markets in 2016.

By Stan Higgins
AccessTimeIconJun 23, 2016 at 8:34 p.m. UTC
Updated Sep 11, 2021 at 12:20 p.m. UTC
CoinDesk placeholder image

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A new survey from Greenwich Associates estimates that finance and technology companies will invest as much as $1bn in blockchain initiatives related to capital markets in 2016.

Greenwich drew on a survey of 134 employees from banks, brokerages, asset managers, exchanges and other services in the finance sector, as well as startups devoted specifically to blockchain applications.

Thirty-two percent of respondents indicated that their companies have as much as $5m set aside for blockchain projects, whereas 15% have at least $2m devoted to the technology.

More details about the survey can be found here.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.