Strategic Intelligence: Blockchain in Financial Services

This report provides an overview and analysis of the current state of blockchain within financial services. It examines the size of the market on a global and country level while highlighting some of the most prominent providers. In addition, it examines challenges and high-profile failures in the space. The report examines blockchain’s impact on insurance, wealth management, banking, and payments, while analyzing some of the deals, jobs, and patent data within the space.

Blockchain within financial services is moving from hype to targeted deployments. Patents are down, but hiring, venture capital, and mergers and acquisitions rebounded in 2025 amid a more favorable US policy backdrop and stablecoin commercialization. Blockchain often reduces and reshapes intermediaries rather than eliminating them. Most firms run hybrid stacks that bridge blockchain rails with legacy systems. Blockchain is becoming a pragmatic infrastructure upgrade in specific use cases, not a universal replacement for existing financial plumbing.

Report Scope

• Q1 2025 saw a massive influx of capital, with $4.8 billion raised in crypto venture capital-the highest since mid-2022.
• Blockchain’s impact on financial services is moving from novel pilots to tangible return on investment.
• Crypto holdings as a proportion of HNW offshore wealth remain relatively small.

Reasons to Buy

• Understand key developments in the blockchain space.
• Identify the strategies deployed by industry leaders and competitors.
• Find specialist vendors for specific blockchain needs.
• Develop a key understanding on how to generate ROI from blockchain pilots.