A survey of executives from the Fortune 500 list revealed that 56% of them report their companies are working on Web3 projects. Sectors driving demand for Web3 projects include exchange-traded funds (ETFs), tokenization of real-world assets, and stablecoins.
Today, the total volume of spot Bitcoin ETF assets exceeds $63 billion:
Bitcoin ETFs have become the driving force behind most initiatives from Bank of America, Wells Fargo, and Morgan Stanley.
They have started implementing these products for their clients in brokerage and asset management services.
Goldman Sachs, JPMorgan, and Citi have become authorized participants of Bitcoin ETFs.
Citi and Goldman have conducted tokenization tests.
In the technology sector: Google announced the capability to search for blockchain information directly within its search engine. Google also announced support for infrastructure by acting as a validator for several new blockchains. Microsoft participated in testing a new blockchain network (Canton Network) designed for asset tokenization.