Citizens Bank anticipates a significant increase in mergers and acquisitions within the cryptocurrency sector as major banks and fintech companies seek to scale their blockchain capabilities. The bank's report suggests that the complexity of blockchain technology, along with talent shortages and compliance challenges, is prompting traditional financial institutions to pursue acquisitions rather than develop in-house solutions.
Notably, Mastercard and Coinbase are reportedly in advanced discussions to acquire crypto firms, with potential deals reaching up to $2 billion each. The report also highlights regulatory shifts, including the GENIUS Act and the anticipated CLARITY Act, which are creating a more supportive political environment for digital assets. Additionally, the tokenization market is projected to generate nearly $100 billion in annual revenue by 2030, further driving growth in the sector.
Citizens Bank Predicts Surge in Crypto M&A Amid Scaling Race
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