Fintech Blockchain Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Fintech Blockchain Market Technology & Companies. The market is segmented by Provider (Middleware, Application, and Solution), Application (Payments, Clearing and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/KYC, and Other Applications), Organization Size (Large enterprises and Small and Medium-Sized Enterprises), Verticals (Banking, Non-Banking Financial Services, and Insurance), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Fintech Blockchain Market Size

Single User License
Team License
Corporate License
Book before:
Fintech Blockchain Market Summary
share button
Study Period 2019 - 2029
Market Size (2024) USD 4.66 Billion
Market Size (2029) USD 31.84 Billion
CAGR (2024 - 2029) 46.92 %
Fastest Growing Market North America
Largest Market Asia Pacific

Major Players

Fintech Blockchain Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License


Team License


Corporate License

Book before:

Fintech Blockchain Market Analysis

The Fintech Blockchain Market size is estimated at USD 4.66 billion in 2024, and is expected to reach USD 31.84 billion by 2029, growing at a CAGR of 46.92% during the forecast period (2024-2029).

The blockchain-related fintech industry has been experiencing growth due to various factors, such as the rising market cap of cryptocurrencies and ICOs, increasing demand for distributed ledger technology, and adoption of advanced blockchain solutions in financial institutions. The digital transformation of the financial industry is also contributing to the growth of the fintech blockchain, as digital banking technologies and automated chatbots for customer service are experiencing rising demand.

  • The adoption of cryptocurrencies and digital tokens for making payments is expected to boost the market further. Many fintech organizations have also started adopting blockchain technology to make their business procedures easier, reduce fraudulent activity, and enhance the quality of service provided to their customers. Ripple and other blockchain-based platforms are gaining interest, which is anticipated to lead to greater acceptance in the future.
  • Stablecoins are also gaining popularity as they increase liquidity, cost savings, and stability, and they are a fascinating example of DeFi protocols in the future. DeFi and blockchain technology are expected to foster innovation across a range of industries in the next two years.
  • The COVID-19 pandemic negatively impacted many industries globally, and the blockchain-related fintech industry is no exception. Lockdowns and supply chain disruptions made it difficult for industry participants to predict the resurgence of the fintech blockchain industry. However, systemic changes brought on by the crisis are anticipated to have a significant impact on this sector. Despite the challenges, the fintech blockchain market is expected to continue growing in the coming years.

Fintech Blockchain Market Trends

Increasing Use of Blockchain in the Insurance Sector is expected to Drive the Market

  • Blockchain technology is revolutionizing the insurance industry by transforming operations and providing a range of benefits, such as cost reduction, enhanced customer experiences, increased efficiency, greater transparency, and more. This represents a significant opportunity for both fintech companies and insurance providers that are ready to embrace this transformation.
  • One of the key advantages of blockchain is its ability to provide transparent and trustworthy information about transactions, making it an ideal repository for data that is crucial in verifying the authenticity of insurance claims. This instills trust in the process and enables insurance providers to make accurate decisions about the percentage of the claim that can be covered.
  • In May 2022, a UK-based startup called Superscript and Lloyd's, a London-based insurance market broker launched a specialized insurance product called "Daylight" for crypto businesses. This offering includes technology liability and cyber insurance, protecting against various risks such as ransomware attacks and unintentional copyright infringement.
  • Furthermore, with the rise of Internet of Things (IoT) technology, the amount of data generated by interconnected devices is increasing exponentially. This requires a technology that can efficiently manage large volumes of data. Blockchain enables insurance providers to manage these complex networks securely by allowing devices to communicate and manage each other peer-to-peer rather than relying on expensive data centers for processing and storage. This approach is much more cost-effective and is expected to drive the market's growth in the future.
Fintech Blockchain Market: Life and non-life insurance penetration in selected countries and territories worldwide in 2021

North America Will Experience Significant Growth and Drive the Market

  • Global cross-border payments have traditionally been subject to tight regulations and high costs. However, the emergence of distributed ledger technology, such as blockchain, has helped to reduce some of these costs and improve traceability. Fintech vendors are rapidly developing new platforms for the provision of online financial services, and global financial technology companies are partnering with local cellular operators, money transfer operators, and banks across the borders of the United States, Mexico, and Canada.
  • The recent COVID-19 outbreak accelerated the demand for digital transformation in the banking sector. As people were forced to use online services and limit their bank visits, many banking companies collaborated with fintech vendors to offer differentiated and competitive services. In the future, digital customer experience is expected to be the primary area of competitive advantage and is likely to drive the market.
  • One of the most significant benefits of blockchain technology offered by fintech vendors is the reduction of fraud and cyber-attacks in the financial world. Blockchain helps to curb data breaches and other fraudulent activities by enabling fintech businesses to share or transfer safe and unaltered information through a decentralized network. This added security and transparency could help to build trust between financial institutions and their customers.
Fintech Blockchain Market - Growth Rate by Region

Fintech Blockchain Industry Overview

The fintech blockchain market is highly competitive, with dominant players such as Amazon Web Services, AlphaPoint Corporation, Bitfury Group Limited, Oracle Corporation, and Digital Asset Holdings. These players are focusing on expanding their customer base globally through strategic collaborative initiatives to increase their market share and profitability. However, mid-size to smaller companies are also making their presence known through new product innovations and securing new contracts.

In January 2023, Striga, a banking-as-a-service platform, launched a new product - crypto on-ramp and off-ramp APIs for neo banks, DeFi, and Web3 apps. The platform's objective is to simplify the process of holding or withdrawing Bitcoin and make it easier for more customers to purchase and trade cryptocurrency. The newly introduced crypto-to-fiat or fiat-to-crypto APIs can be integrated into any fintech or cryptocurrency product.

In January 2022, Etherisc, an open-source, decentralized insurance protocol and ecosystem launched a blockchain-backed insurance application. The application can autonomously issue policies and execute payouts for travel delays and cancellations, and payments are processed through the blockchain payments program Gnosis Chain (formerly xDai Chain). The initial payment option for the insurance application is the U.S. dollar-backed USD Coin.

Fintech Blockchain Market Leaders

  1. AlphaPoint Corporation

  2. Bitfury Group Limited

  3. Oracle Corporation

  4. Amazon Web Services, Inc.

  5. Digital Asset Holdings LLC

*Disclaimer: Major Players sorted in no particular order

Fintech Blockchain Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Fintech Blockchain Market News

  • October 2022, Nubank: A Brazilian digital banking startup, Nubank, announced its plan to launch its own cryptocurrency called Nucoin in Brazil by the first half of 2023. This move by Nubank is a significant step towards leveraging the transformative potential of blockchain technology and democratizing its benefits beyond just the buying, selling, and holding of cryptocurrencies in Nuapp.
  • October 2022: The Reserve Bank of India revealed its concept of a digital currency. The development of a Central Bank Digital Currency (CBDC) could provide the Indian public with a risk-free virtual currency that offers legitimate benefits without the risks of dealing in private virtual currencies. This move by the Reserve Bank of India shows the growing interest of central banks worldwide in exploring the potential of CBDCs to revolutionize how people use money.

Fintech Blockchain Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising R&D Activities for Transformative and Highly Intelligent Programmable Blockchain Platform

      2. 4.2.2 Increasing Adoption of Blockchain Technology for Applications in Banking Sector Such As Payments, Smart Contracts, Etc.

      3. 4.2.3 Reduced Total Cost of Ownership

    3. 4.3 Market Challenges

      1. 4.3.1 Uncertain Regulatory Standards and Frameworks

    4. 4.4 Market Opportunities

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19


    1. 5.1 By Provider

      1. 5.1.1 Middleware Providers

      2. 5.1.2 Application and Solution Providers

      3. 5.1.3 Infrastructure and Protocol Providers

    2. 5.2 By Application

      1. 5.2.1 Payments, Clearing, and Settlement

      2. 5.2.2 Exchanges and Remittance

      3. 5.2.3 Smart Contract

      4. 5.2.4 Identity Management

      5. 5.2.5 Compliance Management/ KYC

      6. 5.2.6 Other Applications

    3. 5.3 By Organization Size

      1. 5.3.1 Large Enterprises

      2. 5.3.2 Small and Medium-Sized Enterprises

    4. 5.4 By Verticals

      1. 5.4.1 Banking

      2. 5.4.2 Non-Banking Financial Services

      3. 5.4.3 Insurance

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. United States

        2. Canada

      2. 5.5.2 Europe

        1. Germany

        2. United Kingdoms

        3. France

        4. Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles*

      1. 6.3.1 AlphaPoint Corporation

      2. 6.3.2 Bitfury Group Limited

      3. 6.3.3 Oracle Corporation

      4. 6.3.4 Amazon Web Services, Inc.

      5. 6.3.5 Digital Asset Holdings LLC

      6. 6.3.6 Cambridge Blockchain, LLC

      7. 6.3.7 Circle Internet Financial Limited

      8. 6.3.8 Coinbase, Inc.

      9. 6.3.9 Accenture Plc

      10. 6.3.10 Earthport Plc

      11. 6.3.11 Factom, Inc.

      12. 6.3.12 GuardTime AS

      13. 6.3.13 IBM Corporation

      14. 6.3.14 Microsoft Corporation

      15. 6.3.15 RecordesKeeper

      16. 6.3.16 Ripple Lab Inc.


bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Fintech Blockchain Industry Segmentation

Blockchain technology is a decentralized ledger of all transactions across a peer-to-peer network. Through this, participants or users can confirm transactions without a need for a central clearing authority. Most of the potential applications include fund transfers, settling trades, voting, and many other issues.

The fintech blockchain market is segmented by provider (middleware, application, solution), application (payments, clearing, and settlement, exchanges, and remittance, smart contract, identity management, compliance management/KYC, others), organization size (large enterprises, small and medium-sized enterprises), verticals (banking, non-banking financial services, insurance), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Provider
Middleware Providers
Application and Solution Providers
Infrastructure and Protocol Providers
By Application
Payments, Clearing, and Settlement
Exchanges and Remittance
Smart Contract
Identity Management
Compliance Management/ KYC
Other Applications
By Organization Size
Large Enterprises
Small and Medium-Sized Enterprises
By Verticals
Non-Banking Financial Services
By Geography
North America
United States
United Kingdoms
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Fintech Blockchain Market Research FAQs

The Fintech Blockchain Market size is expected to reach USD 4.66 billion in 2024 and grow at a CAGR of 46.92% to reach USD 31.84 billion by 2029.

In 2024, the Fintech Blockchain Market size is expected to reach USD 4.66 billion.

AlphaPoint Corporation, Bitfury Group Limited , Oracle Corporation , Amazon Web Services, Inc. and Digital Asset Holdings LLC are the major companies operating in the Fintech Blockchain Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Fintech Blockchain Market.

In 2023, the Fintech Blockchain Market size was estimated at USD 3.17 billion. The report covers the Fintech Blockchain Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fintech Blockchain Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Blockchain in Fintech Industry Report

Statistics for the 2024 Blockchain in Fintech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blockchain in Fintech analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Fintech Blockchain Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)