In the wave of rapid evolution in financial technology, traditional banks are quietly transforming their roles, moving from being observers on the edge of Blockchain to becoming deep participants in ecosystem construction. This research report jointly released by Ripple and CB Insights systematically outlines the investment paths of global banks in the blockchain startup sector since 2020, revealing the strategic intentions of Financial Institutions in building digital asset infrastructure. Whether betting on underlying capabilities such as trading, payments, and custody, or actively intervening in ecosystem construction through mergers, acquisitions, and equity stakes, banks are gradually breaking traditional boundaries, transitioning from 'old finance' to 'on-chain finance'. From 2020 to 2024, global banks participated in a total of 345 investments in blockchain startups. **These investments are mostly concentrated in the early #Gate ETH 挖矿年化收益 5%#

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