56% of Fortune 500 companies are working on on-chain projects

The number of cryptocurrency, Blockchain, or Web 3.0 plans announced by Fortune 100 companies has increased by 39% in the past 12 months, reaching a historic high in the first quarter of 2024. A survey of executives from Fortune 500 companies found that 56% of them said their companies are working on blockchain projects. From the largest traditional brands to small businesses, from stablecoins to tokenized treasury bills, trusted names and products in the financial sector are embracing blockchain technology and cryptocurrencies, driving innovation and providing avenues for widespread adoption. The increase in activity highlights the urgency of developing clear rules for cryptocurrencies, which can help keep cryptocurrency developers and other talent in the United States.