"Wow, that's the best, does that mean that now many banks have started to like crypto?"
The booming cryptocurrency market has led 19 leading banks across North America, Europe and other regions to invest large sums of money in various digital assets.
According to a recent Basel Committee on Banking Supervision (BCBS) report, the banks have invested around $10.27 billion in crypto.
However, Ripple (XRP) is one of the most prominent digital assets after gaining a significant position in the investment portfolio of the banks, where the BCBS report shows that XRP has made up 2% or $205 million of the total exposure.
The investment has also succeeded in placing XRP as the third largest altcoin in the bank's emerging commitment in the crypto market.
In addition to XRP, crypto investments by most banks are also more focused on Bitcoin (BTC) and Ethereum (ETH) because these two digital assets have dominated many parties with BTC contributing 31% while ETH is 22%.
So here it can be seen that many individuals are not only more confident about the leading digital asset but also the strategy carried out by banks in the crypto sector which has been growing lately.
Not only that, BCBS also listed several other cryptos that have received attention from financial institutions, among them Polkadot (DOT), Cardano (ADA), Solana (SOL), Litecoin (LTC) and Stellar (XLM).
It is admittedly a smaller percentage than BTC and ETH, but its entry has shown the widespread interest and acceptance of various digital assets in the banking sector.
