As Web3 moves deeper into traditional finance, FORMULA’s by Cointelegraph new report highlights how over 170 banks are shifting from trials to revenue-generating strategies.
For years, banks kept crypto at arm’s length. In 2025, that distance disappeared: over 170 financial institutions are already rolling out Web3 services. Custody, stablecoins, tokenized assets – what started as pilots has become part of the strategy.
The latest FORMULA by Cointelegraph study “Strategic Entry into Web3 for Banks” maps the shift, with benchmarks from 170+ institutions worldwide.
Key findings from the FORMULA’s research include:
Institutions are moving fast: DZ Bank, Société Générale, and Citi already run custody, stablecoin, and tokenization services.
Adoption is broadening: Beyond custody, banks are exploring lending, brokerage, tokenized deposits, and even institutional DeFi.
Leaders set the pace: DBS, Citi, Standard Chartered, and JP Morgan rank among the most advanced in FORMULA’s Web3 maturity benchmark.
“The data makes clear that Web3 is no longer experimental. Institutions are already capturing revenue from crypto. With regulatory frameworks in place, the path forward for banks is defined – and those who delay risk falling behind peers that are moving now,” said Bogdan Kuznetcov.
The report also underscores the role of Cointelegraph’s ecosystem in supporting financial institutions at every stage of Web3 adoption. Beyольond media reach – with 13M+ monthly visits, 15 language editions, and 42% global market share – Cointelegraph provides consulting, institutional research, events, and FORMULA’s creative marketing expertise to accelerate entry into digital assets.
FORMULA helps companies increase brand recognition and awareness, develop strategic media presence and communication framework, accelerate growth and launch new products and services.
Banks seeking to benchmark their Web3 maturity, analyze rollout strategies, or explore partnerships can learn more at cointelegraph.com/formula.