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Banks and FinTech Companies Accelerate Digital Asset Mergers, Citizens Bank Predicts Industry Consolidation Intensifying
Summary: According to market reports, the latest research report from US Citizens Bank indicates that M&A activities in the digital asset industry are accelerating and expected to further speed up. With the passage of the GENIUS Act (stablecoin regulations) and the expected introduction of the CLARITY Act (market structure), the US regulatory environment has shifted from ...
According to market reports, the latest research report from US Citizens Bank indicates that M&A activities in the digital asset industry are accelerating and expected to further speed up. With the passage of the GENIUS Act (stablecoin regulations) and the expected introduction of the CLARITY Act (market structure), the US regulatory environment has shifted from 'hostile' to supportive, driving banks, payment processors, and asset management companies to actively integrate blockchain infrastructure.
The report highlights that Mastercard is in talks to acquire ZeroHash for up to $2 billion, while Coinbase is close to completing a similar-sized acquisition of London-based BVNK. The complexity of technology, talent shortages, and compliance requirements make acquisitions the most practical expansion path for traditional institutions. The stablecoin market cap has increased from around $250 billion mid-year to approximately $315 billion, expected to surpass $1 trillion. Citizens Bank predicts that by 2030, the tokenized market could generate nearly $100 billion in annual revenue, including trading, custody, and data services.
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Link: Banks and FinTech Companies Accelerate Digital Asset Mergers, Citizens Bank Predicts Industry Consolidation Intensifying [Copy]
