Blockchain Distributed Ledger Technology (DLT) in the Financial Sector Market Report 2025

The blockchain distributed ledger technology (DLT) in the financial sector market size has grown exponentially in recent years. It will grow from $5.19 billion in 2024 to $6.62 billion in 2025 at a compound annual growth rate (CAGR) of 27.5%. The growth during the historic period can be attributed to increased investments by financial institutions in blockchain research, broader adoption of blockchain for cross-border payments, expanded use of distributed ledger technology for fraud prevention, heightened focus on real-time settlement solutions, and greater reliance on decentralized finance (DeFi) platforms.

The blockchain distributed ledger technology (DLT) in the financial sector market size is expected to see exponential growth in the next few years. It will grow to $17.33 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. In the forecast period, growth is expected to be driven by rising demand for cost-efficient financial operations, increased implementation of smart contracts in banking, growing use of distributed ledger technology in trade finance, stronger emphasis on regulatory compliance through blockchain, and heightened interest in tokenizing financial assets. Key trends include the adoption of blockchain-based identity verification systems, integration of distributed ledger technology with artificial intelligence, advancements in cross-chain interoperability protocols, the use of blockchain in central bank digital currency initiatives, and incorporation of blockchain within cloud-based banking platforms.

The increasing adoption of digital currencies is expected to drive growth in the blockchain distributed ledger technology (DLT) market within the financial sector. Digital currencies are virtual forms of money used exclusively for online transactions, with no physical counterparts such as coins or notes. Their popularity is rising due to the growing demand for fast, secure, and contactless payment methods. Blockchain DLT facilitates secure, transparent, and decentralized recording of digital currency transactions in finance. For example, according to the Atlantic Council, India’s digital rupee (e-rupee) circulation surged to ₹10.16 billion ($119 million) by March 2025, representing a 334% increase from ₹2.34 billion ($26.68 million) in 2024. Thus, the rising use of digital currencies is set to propel the blockchain DLT market in financial services.

Leading companies in the blockchain distributed ledger technology (DLT) in the financial sector are focusing on advanced offerings such as digital securities issuance (D-SI) services to streamline the issuance and settlement of digital assets, improve transparency, ensure regulatory compliance, and support capital market digital transformation. Digital securities issuance uses blockchain to issue and manage financial instruments such as bonds or stocks, enabling a fully digital, secure, and efficient process. For instance, in October 2023, Belgium-based Euroclear launched its D-SI service, a key element of its digital financial market infrastructure (D-FMI) strategy. This platform enables the complete digital issuance, distribution, and settlement of securities using DLT. The World Bank issued the first digitally native note (DNN) listed on the Luxembourg Stock Exchange through this service. Euroclear’s D-SI service complies fully with the Central Securities Depositories Regulation (CSDR) and integrates with traditional settlement systems, enhancing transparency, efficiency, and scalability in capital markets while advancing digital innovation.

In May 2023, Delta Capita, a UK-based financial services firm, acquired SETL’s capital markets division for an undisclosed amount. This acquisition strengthens Delta Capita’s blockchain-based DLT capabilities, enabling it to provide advanced, efficient solutions to financial market clients. The deal supports Delta’s global expansion and new revenue generation through software licensing, while SETL gains broader market access and funding. SETL specializes in blockchain-based financial infrastructure and is also UK-based.

Major players in the blockchain distributed ledger technology (DLT) in the financial sector market are Amazon Web Services Inc., Intel Corporation, Accenture plc, International Business Machines Corporation, Fujitsu Limited, Tata Consultancy Services Limited, Infosys Limited, Wipro Limited, Broadridge Financial Solutions Inc., Bitfury Group Ltd., ConsenSys AG, Calastone Limited, R3 LLC, Digital Asset Holdings LLC, Alchemy Technologies Inc., Elliptic Limited, Anchorage Digital Labs Inc., AlphaPoint Corporation, Guardtime AS, and Clearmatics Technologies Ltd.

North America was the largest region in the blockchain distributed ledger technology (DLT) in the financial sector market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in blockchain distributed ledger technology (DLT) in the financial sector report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blockchain distributed ledger technology (DLT) in the financial sector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Blockchain distributed ledger technology (DLT) in the financial sector is a decentralized, secure, and transparent approach to recording and sharing financial data across a distributed network without dependence on a central authority. It seeks to streamline financial operations by minimizing intermediaries, accelerating transaction speeds, and ensuring data integrity through cryptographic validation. This technology enhances financial transparency, lowers operational risks, improves regulatory compliance, and drives innovation within banking, insurance, and capital markets.

The key components of blockchain distributed ledger technology (DLT) in the financial sector include platforms and services. Platforms provide the underlying blockchain infrastructure that supports the creation, deployment, and management of decentralized applications and digital asset services. The technology exists in various forms such as public, private, and hybrid blockchains, and can be deployed either on-premises or in the cloud. Major applications cover payments, asset management, investment services, clearing and settlement, cross-border payments, smart contracts, fraud detection and compliance, and digital identity verification. These solutions are utilized by end users including financial institutions, insurance companies, banks, investment firms, payment providers, and regulatory bodies.

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The blockchain distributed ledger technology (DLT) in the financial sector market consists of revenues earned by entities by providing services such as blockchain-as-a-service (BaaS), smart contract development and auditing, digital asset custody services, regulatory technology (RegTech) services and blockchain infrastructure development. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain distributed ledger technology (DLT) in the financial sector market also includes sales of cryptographic security modules, blockchain audit tools, smart contract templates, decentralized transaction processing platforms, and permissioned blockchain platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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