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Survey: Blockchain Capital Markets Spending to Reach $1 Billion in 2016
A new survey estimates that finance companies will invest as much as $1bn on blockchain initiatives related to capital markets in 2016.
A new survey from Greenwich Associates estimates that finance and technology companies will invest as much as $1bn in blockchain initiatives related to capital markets in 2016.
Greenwich drew on a survey of 134 employees from banks, brokerages, asset managers, exchanges and other services in the finance sector, as well as startups devoted specifically to blockchain applications.
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Thirty-two percent of respondents indicated that their companies have as much as $5m set aside for blockchain projects, whereas 15% have at least $2m devoted to the technology.
More details about the survey can be found here.
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
