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Blockchain Coinvestors' Bi-Annual Institutional Digital Finance Adoption Report on Worlds Top 50 Financial InstitutionsReport Reveals the World's Top 50 Financial Institutions are Rapidly Embracing Digital Finance
SAN FRANCISCO, March 25, 2024 /PRNewswire/ -- Blockchain Coinvestors, a leading blockchain venture fund-of-funds and coinvestment program with a combined portfolio of more than 1000 blockchain enterprises and crypto projects, including more than 80 blockchain unicorns, today unveiled its bi-annual Institutional Digital Finance Adoption Report which tracks digital finance adoption, by service offering, among the world's 50 largest financial institutions ranked by assets under management (AUM). Many will be surprised to see for the first time that most of the world's 50 largest financial institutions - managing a total of more than $123 trillion AUM - are already active in digital finance and well advanced with regards to adoption:
"Don't listen to what they say, watch what they do," said Matthew C. Le Merle, CEO and co-founder of Blockchain Coinvestors. "The most important financial institutions in the world made good use of the 2022/2023 crisis in crypto and blockchain to prepare themselves for an inevitable future of digital monies, commodities and assets." Local adoption varies by digital finance offering, but some regions are notably further head:
"Having served as CFO of BGI (now Blackrock) and as a board director of public financial institutions for more than 20 years, I was not surprised by the facts once we went out and got them," said Alison Davis, Chairman and Co-Founder of Blockchain Coinvestors. "The inevitability of digital finance, and the tremendous consumer benefits it brings are obvious, and the only way for financial institutions to maintain positions of leadership is for them to embrace and deploy new financial innovations including those enabled by blockchain technology." Blockchain Coinvestors relies upon data from sources including Lexis Nexis, S&P Global and WTW to maintain a database of the world's leading financial institutions. To track digital finance adoption progress, we review a variety of public sources and gather information from our regular conversations with CEOs, industry leaders and government officials. Blockchain Coinvestors will present the results of its inaugural report in its upcoming "Institutional Digital Finance Adoption Report" webinars on March 26th at 7:00am and 12:00pm PT. Blockchain Coinvestors is the best way to invest in blockchain businesses. Our vision is that digital monies, commodities, and assets are inevitable and all the world's financial infrastructure must be upgraded. Our mission is to provide broad coverage of early stage blockchain investments and access to emerging blockchain unicorns. Blockchain Coinvestors' investment strategies are now in their 10th year and are backed by 400+ investors globally. To date we have invested in 40+ pure play blockchain venture capital funds in the Americas, Asia, and Europe and in a combined portfolio of 1000+ blockchain companies and projects including 80+ blockchain unicorns. Blockchain Coinvestors' first fund of funds ranks in the top decile amongst all funds in its category on both Pitchbook and Preqin. Headquartered in San Francisco with a presence in London, New York, Grand Cayman, Zug and Zurich, the alternative investment management firm was co-founded by Alison Davis and Matthew Le Merle. Visit us at www.blockchaincoinvestors.com Media Contact
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