The global Web3 and Blockchain Technology market is on a remarkable trajectory, currently valued at approximately $5.62 billion in 2024. Projections indicate a staggering growth, anticipating the market will reach around $109.21 billion by 2032, translating to a compound annual growth rate (CAGR) of 44.90% during the forecast period from 2025 to 2032.
Recent developments underscore the significance of blockchain technology in various financial ecosystems. In the United States, notable achievements include the execution of the first binding payment using bank deposits on a public blockchain by three Swiss banks—PostFinance, Sygnum Bank, and UBS—in September 2025. This breakthrough not only highlights the potential of blockchain to enhance the efficiency and security of interbank payment systems but also sets a precedent for future financial transactions.
Further initiatives in the U.S. include the London Stock Exchange Group (LSEG) completing its first blockchain-powered fundraising transaction for MembersCap, a reinsurance asset manager. This move aims to modernize capital markets through improved issuance, trading, and settlement processes. Additionally, Figure Technology marked a significant milestone in the blockchain-based lending sector by raising $787.5 million in its U.S. initial public offering (IPO), positioning itself to transform home equity lending through blockchain technology.
Japan’s advancements in the field were similarly noteworthy. In September 2025, the Financial Services Agency of Japan expressed its intent to approve a yen-backed stablecoin (JPYC), paving the way for broader integration of blockchain technology within the nation’s financial infrastructure. Concurrently, Japan Post Bank announced plans to introduce a blockchain-based digital currency, “DCJPY,” by the end of fiscal year 2026, enhancing convenience for digital financial transactions.
In a bid to foster international collaboration, Saison Capital established Onigiri Capital, a $50 million blockchain investment fund aimed at bridging U.S. startups with Asia’s burgeoning digital asset markets, supporting early-stage firms in the real-world asset sector.
The market is also seeing significant mergers and acquisitions, particularly in September 2025. Notable transactions include Kraken’s acquisition of Breakout Labs, which enhances their decentralized finance capabilities; Coinbase’s takeover of Bitstamp, expanding its presence in the European marketplace; and Stripe’s acquisition of a blockchain-based payment gateway company to integrate blockchain technology into its digital payment solutions. In Japan, SBI Holdings and Rakuten also made headlines with their acquisitions of a Japanese blockchain infrastructure firm and a decentralized finance platform, respectively.
The competitive landscape is shaping up with prominent players in the sector, including Polkadot, Cosmos, Alchemy Insights, and more, all striving to capture burgeoning market opportunities. As the market continues to evolve, the anticipated growth is underpinned by strategic initiatives and technological advancements that make Web3 and blockchain an integral part of the future financial infrastructure.
Several segments are crucial to the market’s expansion, categorized by type—public, private, hybrid, and consortium—as well as by application, including cryptocurrency, data and transaction storage, conversational AI, and payments. Regional analysis indicates a broad and diverse market presence spanning North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Overall, the insights from various industry sources and the examination of market determinants demonstrate that the Web3 and Blockchain Technology market will experience unprecedented growth. This sector is expected to continually influence a range of industries—from finance to retail, media, pharmaceuticals, and telecommunications—underlining the transformative potential of blockchain in shaping the future of digital interactions.
