US Companies Increase Web3 Projects by 39% in 2023 – Coinbase Study 🚀

A survey of Fortune 500 executives revealed that 56% of their companies are working on Web3 projects. Key sectors driving demand include spot ETFs, real asset tokenization, and stablecoins. 📈

Despite growing corporate interest in crypto initiatives, the US has lost its share of developers over the past five years, with only 26% of crypto developers based in the country. 🇺🇸

Today, the total volume of Bitcoin ETF spot assets exceeds $63 billion. Government securities in the network are generating new interest in real asset tokenization. 💰

In finance: Bitcoin ETFs drive initiatives at Bank of America, Wells Fargo, and Morgan Stanley. Goldman Sachs, JPMorgan, and Citi are authorized participants in Bitcoin ETFs. Citi and Goldman conducted tokenization tests. 🏦

In tech: Google announced blockchain information search capabilities and infrastructure support as a validator for several new blockchains. Microsoft tested the Canton Network for asset tokenization. 💻