XRP report reveals banks' on-chain layout: 345 investments over 4 years, quantum secure tokenization becomes the new battlefield.

The latest industry report from XRP reveals that traditional banks are accelerating their embrace of digital assets. Between 2020 and 2024, global banks have completed a total of 345 blockchain-related investments, amounting to over $10 billion. Giants like JPMorgan, Goldman Sachs, and SBI are betting on infrastructure through early-stage funds, while a Brazilian bank has invested $750 million to build a payment platform. HSBC has even taken the lead in launching a quantum-resistant gold token. This article analyzes the three major pathways for banks to shift from experimental pilots to strategic investments, and their impact on the institutionalization process in the crypto market.

Investment Map: Three Paths of Bank Strategic Transformation The XRP report outlines a clear framework for banks to layout their blockchain strategy:

1. Early Fund Layout: JPMorgan, Goldman Sachs, and SBI Group focus on seed round and Series A investments, nurturing underlying technologies such as payment clearing and asset tokenization.
2. Regional Heavy Investment: Brazil's Itaú Bank, along with BTG Pactual, has injected $750 million into the payment platform CloudWalk, creating the largest single investment in the region.
3. Strategic Holdings Integration: Japan's SBI Group acquires a majority stake in Germany's Solaris (the platform operates the EU's first compliant digital asset exchange), expanding into the European market. It is worth noting that despite the sluggish market in 2022, the investment amount in 2024 has increased year-on-year, indicating that banks are shifting from tentative exploration to strategic-level investment.

G-SIBs Cautiously Entering the Market: The Collaborative Logic Behind 106 Transactions Global systemically important banks (G-SIBs) adopt a strategy of "avoiding acquisitions and focusing on cooperation":

• Platform-based Investment: Focus on supporting infrastructure projects such as Talos (institutional trading gateway), Fnality (central bank digital currency settlement network), and Partior (cross-border real-time clearing chain).
• Pain Point Solutions: HQLAx addresses collateral liquidity, TradeWaltz optimizes supply chain finance.
• Avoid Direct Risks: All 14 financing rounds exceeding 100 million dollars participated through a limited partnership structure to maintain a business firewall. Typical case: Although JPMorgan has terminated the NYDIG Bitcoin custody project (which raised $1 billion), it quickly turned to providing Bitcoin ETFs to clients through BlackRock and Fidelity.

Quantum Secure Tokenization: HSBC Leads the Next Technological Frontier HSBC's groundbreaking practices in 2024 mark a new trend:

1. Technological Revolution: Launching retail gold tokens in Hong Kong, utilizing post-quantum cryptography and quantum random number generation technology to defend against future quantum computing attacks.
2. Model Innovation: Achieving the fragmentation of physical gold holdings, connecting compliant Blockchain platforms with public investment channels.
3. Strategic Positioning: Build the Orion digital asset platform independently, forming a technological confrontation with JPMorgan Kinexys. This reflects the core consensus of banks: tokenization technology will enhance the liquidity, accessibility, and efficiency of the financial market, and the fragmented asset model is reconstructing the process of investment democratization.

Conclusion: Four years and 345 investments outline the aggressive trajectory of banks entering the Blockchain—from early financial investments to holding technology platforms, and now leading the frontier of quantum secure tokenization. As giants like JPMorgan and HSBC build their own digital asset systems, regional banks connect to the ecosystem through Solaris-like platforms, the integration of traditional finance and the on-chain world has entered an irreversible channel. The deeper transformation revealed by the report is that Blockchain is upgrading from a technology testing ground for banks to a core strategic infrastructure. Once the institutional funding pipeline is fully opened, the crypto market will welcome a leap in scale. The window of opportunity for native crypto enterprises may be more urgent than expected.