The post Fortune 100 companies set record high in blockchain & crypto projects appeared on BitcoinEthereumNews.com.

Fortune 100 companies have stepped up their involvement in cryptocurrency, blockchain, and web3 initiatives by 39% from the corresponding period of last year in the first three months of 2024. This increase signifies a new record in corporate participation that enhances these advanced technologies. Research by Coinbase and The Block established that more than half of the Fortune 500 firms are exploring chain solutions, including payment apps that target consumers. The rising involvement of enterprises underscores the need to mitigate the need for clear, far-reaching norms and standards to keep cryptocurrency developers and other talented professionals in the United States. This is important to ensure that cryptocurrencies can deliver on the promise of increasing access and enabling the U.S. to set the pace globally. It is significant to highlight that people in the world of finance are enacting blockchain technology and cryptocurrency within their companies, thus leading to its development and creating opportunities for its usability. Great progress has been made in the field regarding the successful implementation of spot bitcoin exchange-traded funds (ETFs), which have attracted much attention. Currently, these ETFs have total net assets of over $63 billion. Apart from this, the U.S. Securities and Exchange Commission (SEC) has recently approved spot ether ETFs for listing and trading while waiting on S-1 approval. This will increase the availability of cryptocurrencies for investments through favourable and reputable financial products. Beyond ETFs, the market for on-chain government securities has grown rapidly in recent years. This has been contributed to by the high interest rates that have created demand for safe and relatively well-paid instruments such as T-bills. Therefore, tokenized U. S. Treasury products have experienced massive growth in their market capitalization, exceeding 1000% since January 2023 and currently standing at $1.29 billion. For instance, BlackRock has developed a tokenized U.S.…

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Filed under: News - @ June 13, 2024 9:18 pm