Connect with us

Technology

Fintech Blockchain Market: Projected to Exceed USD 57.84 Billion by 2031 | SkyQuest Technology

Published

on

WESTFORD, Mass., June 28, 2024 /PRNewswire/ — According to SkyQuest, the global Fintech Blockchain Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 3.16 billion in 2023 to USD 57.84 billion by 2031, growing at a CAGR of 43.8% in the forecast period (2024-2031).

The solutions focusing on integrating Blockchain technology with financial technology to improve transaction times and security are known as fintech blockchain solutions. Growing advancements and acceptance of Blockchain technology are driving fintech blockchain market growth. The global Fintech blockchain market is segmented into application, provider, organization size, industry vertical, and region.

Download a detailed overview:

https://www.skyquestt.com/sample-request/fintech-blockchain-market

Fintech Blockchain Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 3.16 billion 

Estimated Value by 2031 

$ 57.84 billion 

Growth Rate 

Poised to grow at a CAGR of 43.8% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Application, Provider, Organization Size, Industry Vertical, Component, Type of Blockchain and Deployment Model

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Growing demand for KYC system applications on blockchain platforms 

Key Market Drivers 

Increasing demand for smart contracts is a driving factor of market expansion

Segments covered in Fintech Blockchain Market are as follows:

ApplicationPayments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/KYC, OthersProviderApplication and solution providers, Middleware Providers, and Infrastructure & Protocols ProvidersOrganization SizeLarge enterprises, Small and Medium-Sized EnterprisesIndustry VerticalBanking, Non Banking Financial Services and InsuranceComponentPlatform, Services (Consulting Services, Integration Services, Support & Maintenance Services)Type of BlockchainPublic Blockchain, Private Blockchain, Hybrid BlockchainDeployment ModelOn Premises, Cloud based

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/fintech-blockchain-market

Payments and Settlements to Helm the Global Fintech Blockchain Market Growth

Rising emphasis on improving the transactions by reducing the time taken to process them whilst maintaining security is projected to help promote the demand for fintech blockchain solutions in the payments, clearing, and settlements sub-segment. The decentralized nature of fintech blockchain systems helps keep transactions highly transparent yet secured as they are stored in distributed ledgers. Lower transaction fees, higher efficiency, and reduced reliance on cross-border intermediaries are other benefits of Blockchain in fintech that help this segment hold a high market share.

Talk about Blockchain and miss out on smart contracts? This is simply not possible as smart contracts are a vital part of the fintech blockchain market growth as well. Minimal involvement of third parties means more security and less risk, which is exactly what smart contracts provide through Blockchain technology. Increasing realization of the benefits of smart contracts in the fintech industry is projected to help boost the demand for fintech blockchain over the coming years.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/fintech-blockchain-market

SMEs Hold Their Stance as Leading Adopters of Fintech Blockchain

Small and medium enterprises (SMEs) do not have the resources to invest in the development of new and advanced technologies, which is why they mostly opt for available solutions or outsource them from leading companies. Fintech blockchain solutions are highly advanced and developing or managing them is no easy feat for SMEs. The rapid adoption of Blockchain technologies among SMEs is also slated to open up new opportunities for fintech blockchain providers going forward. Capital raise and crowd financing are expected to help SMEs invest in the development of their own fintech blockchain offerings.

On the other hand, large enterprises are investing in developing their own fintech blockchain solutions to have better control and provide novel features for their customers. This segment will be highly rewarding for fintech blockchain companies who are focusing on developing customized fintech blockchain solutions.

Application & Solution Providers Remain the Backbone of Fintech blockchain Market

Fintech applications and solutions are directly used by customers as well as organizations and this is why they should be highly user friendly yet secure. Integrating Blockchain technologies with fintech applications to create unique fintech blockchain offerings will help market players maintain their high market share. The growing adoption of Blockchain technology in the financial sector will also create a new moneymaking scope for middleware providers and infrastructure & protocol providers going forward. High investments of large enterprises in designing their own fintech blockchain solutions will help infrastructure and & protocol providers maximize their revenue generation potential in the future.

To sum it up, the growing need for better security and faster transactions is changing the landscape of the financial industry thereby creating an opportune setting for fintech blockchain companies. Almost all segments are projected to offer lucrative growth scope but investing in SMEs will be highly rewarding for new as well as established fintech blockchain providers.

Related Reports:

Blockchain Market

Blockchain as a Service Market

Blockchain in Healthcare Market

Blockchain IoT Market

Blockchain In Manufacturing Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/fintech-blockchain-market-projected-to-exceed-usd-57-84-billion-by-2031–skyquest-technology-302185572.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy

Published

on

By

BOSTON, May 12, 2025 /PRNewswire/ — Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Gary Hall as its Chief Product Officer (CPO).  

The appointment comes at a transformative time for Medius, following the recent launch of Medius Copilot for Accounts Payable Automation – a smart assistant that streamlines invoice approval, and Medius Supplier Conversations, which enhances supplier engagement through intelligent response automation. As CPO, Hall will lead the development and execution of Medius’ global product vision, ensuring the company remains at the forefront of AI-powered, digital-first spend management. 

With over 25 years of experience in engineering, product development, and strategic leadership, Hall joins Medius from working capital as a service provider GSCF, where he also served as Chief Product Officer. His track record includes scaling digital transformation initiatives, unlocking new revenue streams, and steering product strategy at industry innovators such as Wayfair and iRobot. Hall’s extensive expertise and customer-centric approach will be instrumental in accelerating Medius’ mission to empower finance teams of the future to optimize and transform spend. 

Gary Hall, Chief Product Officer, Medius, comments, “Medius is redefining the experience of managing spend with AI, and I’m excited to be part of that journey. We’re not just automating processes – we’re empowering finance teams to make faster, smarter decisions that drive real business outcomes. Leading this next chapter of product innovation is a rare opportunity, and I’m eager to help shape what the future of spend management looks like.”  

Jim Lucier, Chief Executive Officer, Medius, comments, “As we continue to integrate intelligent technologies into our product offering, Gary’s appointment as Chief Product Officer will be critical in ensuring the Medius platform enables our customers to reach their goals. Gary will be essential in leading a global product strategy that provides businesses with a complete view of their spend and continues to transform our APA and spend management solutions offering.” 

For more information, please contact: 

Dan Bird, Fight or Flight for Medius
Dan.Bird@fightflight.co.uk +44 7885 670798 / Medius@fightflight.co.uk 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/medius/r/medius-appoints-gary-hall-as-chief-product-officer-to-drive-product-strategy,c4149059

 

 

 

View original content:https://www.prnewswire.co.uk/news-releases/medius-appoints-gary-hall-as-chief-product-officer-to-drive-product-strategy-302452397.html

Continue Reading

Technology

TriNet Launches “Your Path, Our Purpose” Brand Campaign Celebrating the Inspiring Journeys of Small and Medium-Size Businesses

Published

on

By

Features TriNet Customers Van Leeuwen Ice Cream, Zap Surgical Systems, Good Culture, and Zymo Research  

DUBLIN, Calif., May 12, 2025 /PRNewswire/ — TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today unveiled its new brand campaign. Part of the “People Matter” creative idea, the new campaign, “Your Path, Our Purpose,” celebrates the unique journey of TriNet customers as they drive change, spark innovation, and positively impact their communities and employees.

At the heart of the campaign are vivid, stunning portraits captured through the lens of world-renowned photographer Annie Leibovitz, who once again collaborated with TriNet to bring these stories to life. With a dynamic visual style and stand-out special effects, by the Emmy® award-winning Garson Yu, and spectacular sounds created by artist and film composer Piers Baron, the campaign immerses viewers into each story, starting at the pivotal moment where purpose meets action. It unfolds like a book coming to life, guided by a moving pen, bringing authentic meaning to every frame.

“Small and medium-size businesses are driving change, improving lives and shaping communities through their innovation and determination,” said Michael Mendenhall, TriNet Senior Vice President, Chief Marketing Officer and Chief Communications Officer. “This campaign is a celebration of their impact and a testament to why TriNet exists—to support and empower them at every step of their journey. We are thrilled to partner again with Annie Leibovitz, who has been an integral part of our ‘People Matter’ series highlighting the incredible ways SMBs are changing the world.”

Featured Entrepreneurs and Businesses

“Your Path, Our Purpose” follows four TriNet customers on their journeys while visually spotlighting the place or moment where something happens for the greater good. Each image illustrates them driving change, innovating in their respective industries, and improving lives. The campaign highlights an impressive group of SMB leaders and their companies, all embodying the entrepreneurial spirit, including:

Zap Surgical Systems – A trailblazer in advanced surgical robotics, Zap Surgical is redefining radiosurgery with its ZAP-X platform, bringing life-saving stereotactic treatments to more people worldwide. Led by Dr. John R. Adler, Jr., a globally renowned innovator and the inventor of the CyberKnife®, Zap is at the forefront of transforming healthcare.Van Leeuwen Ice Cream – What started as a yellow scoop truck on the streets of New York City in 2008 has grown into a beloved brand with locations across the country. Co-founded by Ben Van Leeuwen, Pete Van Leeuwen, and Laura O’Neill, Van Leeuwen Ice Cream is known for its commitment to craftsmanship, offering eclectic dairy and vegan flavors that delight ice cream lovers everywhere.Zymo Research – Since 1994, Zymo Research has been a global leader in biotechnology, advancing cutting-edge discoveries in epigenetics, microbiomics, and Next-Gen Sequencing. With its innovative tools and global reach, Zymo empowers researchers in academia and the biomedical field to push the boundaries of science.Good Culture – Founded in 2015, Good Culture is revolutionizing the dairy aisle with its line of organic, pasture-raised, and additive-free cultured foods. Co-founders Jesse Merrill and Anders Eisner have turned cottage cheese into a modern-day superfood, showing the power of real, clean ingredients to transform the way we eat.

TriNet’s “Your Path, Our Purpose” campaign will run nationwide across television, radio, digital platforms, and out-of-home advertising, reaching audiences in major markets, including New York City, the San Francisco Bay Area, Los Angeles, Boston, and Atlanta. With its compelling storytelling and iconic visuals, the campaign shines a spotlight on the extraordinary contributions of small and medium-size businesses and underscores TriNet’s unwavering commitment to their success.

About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.   

Investors:  

Media:

Alex Bauer  
TriNet 
Alex.Bauer@TriNet.com  

Renee Brotherton/Josh Gross
TriNet
Renee.Brotherton@TriNet.com
Josh.Gross@TriNet.com

TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trinet-launches-your-path-our-purpose-brand-campaign-celebrating-the-inspiring-journeys-of-small-and-medium-size-businesses-302452355.html

SOURCE TriNet

Continue Reading

Technology

X-Bow Systems Announces Final Closing of Over $105 Million Series B Funding to Deliver State-of-the-Art Defense Technologies at Speed and Scale

Published

on

By

ALBUQUERQUE, N.M., May 12, 2025 /PRNewswire/ — X-Bow Systems Inc (X-Bow), the leading non-traditional producer of advanced manufactured solid rocket motors (SRMs) and defense technologies, today announced the successful final closing of its Series B funding round, totaling over $105 million. The strategic portion of this round was led by Lockheed Martin with a significant investment in X-Bow Systems. To strengthen the industrial base and create mutual benefit for both companies, X-Bow and Lockheed Martin have entered into a strategic agreement allowing Lockheed Martin to accelerate X-Bow as a new independent supplier of SRMs and other services for their existing and future programs.

“We have built a highly respected ‘deep hardware technology’ company with the current Series A and B investments from our venture partners,” said Jason Hundley, chief executive officer and founder of X-Bow Systems. “This additional investment and our ongoing partnership with Lockheed Martin position us for significant growth. We are expanding our production capacity, accelerating our innovation efforts and strengthening our role as a critical independent supplier within the defense industrial base.”

“We are pleased to continue our investment in X-Bow Systems, a company developing SRM technology that aligns with our strategy to support innovative solutions that enhance our nation’s security,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Our follow-on investment in X-Bow Systems underscores Lockheed Martin’s dedication to advancing the aerospace and defense industry.”

Prior to this Series B raise, X-Bow established itself as a leader and innovator in the defense and aerospace sectors, demonstrated by:

Successful Launch Services: A multi-year backlog in hypersonic component flight tests and other critical DoD mission capabilities.Non-Traditional SRM Industrial Base Leader: The only new company to be integrated into over 8 SRM programs across both strategic and tactical sizes.Technology Disruption: Utilizes a patented Advanced Manufacturing of Solid Propellant (AMSP) system with over 12 development iterations, capable of printing and flying both tactical and strategic size SRM energetic grains.Innovation Expertise: Producing and executing the development of the world’s only ‘mobile energetics factory,’ the revolutionary Rocket Factory in a Box™, a rapidly deployable energetics production system that offers unprecedented flexibility for defense applications.

Fueled by private capital, X-Bow’s soon-to-open Texas energetics campus located just south of Austin, utilizes the company’s AMSP technology. Our affordable and sustainable SRM production approach allows the Department of Defense and other customers the speed and scale to counter evolving threats.

This total round included investment from Razor’s Edge Ventures, Crosslink Capital, Lockheed Martin, Balerion Space Ventures, Boeing Ventures, Bravo Victor Venture Capital, Upsher Management Company, Capital Factory Ventures, Arkenstone Capital, and Event Horizon Capital.

Union Square Advisors LLC served as exclusive financial advisor to X-Bow for this financing transaction.

About X-Bow Systems
X-Bow Systems is disrupting the aerospace industry with innovative and cost-effective advanced manufactured energetics for the solid rocket motor and launch vehicle market. X-Bow is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. X-Bow is led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen Gannon, General Counsel John Leary, COO Mike Bender, CFO Hector Fernandez and a growing team of seasoned industry veterans and new space entrepreneurs. X-Bow is a dual-use technology company with investment from: Crosslink Capital, Razor’s Edge Ventures, Balerion Space Ventures, Boeing, Arkenstone Capital, The Capital Factory, Upsher Management Company, Event Horizon Capital, and Lockheed Martin Ventures. Headquartered in Albuquerque, New Mexico, X-Bow has additional presence in California, Alabama, Colorado, Texas, Utah, Maryland and Washington, DC. For more information visit XBowSystems.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/x-bow-systems-announces-final-closing-of-over-105-million-series-b-funding-to-deliver-state-of-the-art-defense-technologies-at-speed-and-scale-302452380.html

SOURCE X-Bow Systems

Continue Reading

Trending