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.

AccessTimeIconJun 23, 2016 at 8:34 p.m. UTC
Updated Sep 11, 2021 at 12:20 p.m. UTC
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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.

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