Insightful perspectives on blockchain sentiment of Swiss banks, shared by Michiel Hoogenboom. Based on the 2024 survey by Center for Center for Financial Services Innovation (FSI-HSG) | University of St.Gallen unpacks market trends and direction. #Blockchain #FinancialServices #Cense #crypto
🌐 Blockchain is no longer a future concept for Swiss banks—it’s a now strategy. Recently, I came across the Blockchain Pulse Survey 2024, conducted in April-June 2024 across 19 banks. It sheds light on how Swiss financial institutions are embracing blockchain and crypto—and it’s fascinating to see how it is developing in the Swiss banking sector. Key highlights that stood out to me: 💡 80% of Swiss banks are actively working on blockchain or crypto services. 💡 Nearly 60% have developed or are in the process of creating blockchain strategies focused on products, efficiency, and new opportunities. 💡 63% aim to expand crypto offerings, including trading, custody, payments, and more. 💡 Tokenized assets and blockchain for trade finance are gaining serious momentum. ⚠️ While challenges like regulatory uncertainty and implementation costs persist, one thing is clear: Swiss banks are moving full steam ahead into this digital revolution. My take on staying competitive in this evolving space: ✔️ Build clear, actionable blockchain strategies. ✔️ Invest in innovation and collaborate with fintechs and regulators. ✔️ Foster internal expertise through training. These steps echo many conversations we’ve had with Swiss banks over the past year—blockchain is no longer just a concept for the future; it’s a strategy for today. 📈 As we step into 2025, I’m excited to see how this momentum develops! 🔗 Curious about the full survey findings? You can explore them here: https://lnkd.in/eqTafRR2 💬 What are your thoughts on blockchain adoption in traditional finance? I’d love to hear your perspective. #Blockchain #Crypto #SwissBanking #Innovation #Compliance #Cense