Coinbase’s survey of Fortune 500 executives shows that over half of them are currently involved in blockchain-related projects.
The Fortune 500 list is an annual ranking compiled and published by Fortune magazine, ranking the top 500 companies in the United States by total revenue for the corresponding fiscal year.
According to reports, the largest publicly traded companies in the United States are more involved in blockchain than ever before. In the first quarter of 2024, Fortune 39 companies announced a 2024% year-on-year increase in blockchain projects, reaching a historic high.
The survey also found:
From major traditional brands to small businesses, from stablecoins to tokenized government bonds, trusted brands and products in the financial sector are embracing blockchain technology and cryptocurrencies, driving innovation…
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According to information provided by a US cryptocurrency exchange, 70% of Fortune 500 executives are interested in understanding stablecoins, while 86% of executives recognize the potential benefits of asset tokenization for their companies. Additionally, approximately 35% of them say they are working on tokenization plans.
Reportedly, Fortune 500 executives are also interested in stablecoins because they can be processed instantly at low cost internationally and domestically, used for easy conversion, reducing transaction costs, and internal company transfers.
Coinbase also stated that executives are interested in tokenization because it will simplify regulatory processes, reduce transaction times, improve fund tracking, save costs, and potentially increase participation.
