The Europe Blockchain market in BFSI is anticipated to grow at a CAGR of 65% owing to different factors. Some of the growth drivers of European blockchain in the BFSI market are the growing demand for comprehensive security procedures, higher compatibility with the financial services sector ecosystem, and faster and less expensive cross-border payment systems.

1. European Blockchain in the BFSI Soars: Pioneering Growth Amid the Digital Revolution: Ken
Research
Europe Blockchain in the BFSI market is anticipated to grow at a CAGR of 65% in the forecasted
period of 2022-2028. The market is making significant growth owing to factors like growing
demand for comprehensive security procedures, higher compatibility with the financial services
sector ecosystem, and faster and less expensive cross-border payment systems.
Story Outline
 Europe Blockchain in the BFSI Market made significant growth post-pandemic. In 2022,
the European Investment Fund signed a financing contract worth $72 Bn.
 The BFSI sector contributes around 8% of the total economic output of the United
Kingdom, the largest market of blockchain in BFSI in Europe.
 A blockchain platform called CLS and one of the top leaders in European blockchain in
the BFSI market, IBM, announced their alliance in July 2018.
According to Ken Research, European blockchain in the BFSI market has made remarkable
growth in the last few years. The market consists of a total of 40 countries across Europe but a
few countries such as the United Kingdom, Germany, Italy, and France are the most dominant
regions in the whole market. Europe blockchain in the BFSI market is filled with tech-savvy,
robust, and “think big” players running the market with innovative and disruptive blockchain
solutions. London Stock Exchange is the biggest stock exchange in Europe's BFSI market.
1. Impact of COVID-19 on Europe Blockchain in the BFSI Market
 The transparency of financial activities has been considerably improved by this blockchain
technology. Around 50% of clients engaged in the financial market throughout the
pandemic using digital channels, which creates the need for customer protection in the
BFSI markets.
 The majority of businesses in Europe have incorporated blockchain technology into their
operations to strengthen their position in the industry and get a competitive edge. IBM,
Microsoft, Intel, Oracle, Daimler, and other businesses exploited blockchain technology
throughout the COVID-19 epidemic.
 After 2020, the financial market began to expand in tandem with the pandemic-related
company growth, and the GDP increased once more. Europe Blockchain in the BFSI
Market made significant growth post-pandemic. In 2022, the European Investment Fund
signed a financing contract worth $72 Bn.

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2. Current Situation of Europe Blockchain in the BFSI Market
 Europe Blockchain in the BFSI Market is projected to grow at a CAGR of 65% in the
forecasted period of 2022-2028 as the market is set to witness huge investments from
customers and key players.
 Dominant countries of the Europe Blockchain in the BFSI Market are setting the
benchmarks for themselves in the above-mentioned forecasted period. The BFSI sector
contributes around 8% of the total economic output of the United Kingdom.
 The increasing influence of digital currency and digitalization in Europe Blockchain in the
BFSI Market are contributing hugely to the growth of this particular market. The Digital
Payment Market in Europe is expected to reach $22 Bn by the end of 2030.
 Around 50% of clients engaged in the financial
market throughout the pandemic using digital
channels, which creates the need for customer
protection in the BFSI markets.
• The majority of businesses in Europe have
incorporated blockchain technology into their
operations to strengthen their position in the
industry and get a competitive edge.
• In 2022, the European Investment Fund signed a
financing contract worth $72 Bn showing significant
growth of market post-pandemic.

3. Click Here to Learn More About Current Situation of the Market
3. Growth drivers of Europe Blockchain in the BFSI Market
 The primary growth drivers of the market are the growing demand for comprehensive
security procedures, higher compatibility with the financial services sector ecosystem,
and faster and less expensive cross-border payment systems.
 Blockchain's decentralized and unchanging nature improves security within the BFSI
division. Transactions are recorded in a tamper-resistant way, lessening the hazard of
fraud and unauthorized access. This level of security is especially critical in financial
services, where sensitive client data, transactions, and resources are involved.
 Blockchain technology offers a way to coordinate diverse components of the monetary
services environment, streamlining processes, and decreasing friction. Its
straightforward and decentralized nature permits different financial institutions,
mediators, and partners to associate more effectively, moving forward transparency
and diminishing the need for mediators in complex processes.
 Cross-border payments in traditional frameworks can be slow, expensive, and subject to
mediator fees. Blockchain's capacity to encourage peer-to-peer transfers and
settlements in near-real time can altogether improve the speed and cost-effectiveness
of cross-border transactions. This addresses pain focuses within the BFSI segment and
Europe Blockchain in
the BFSI Market is
projected to grow at
a CAGR of 65% in the
forecasted period of
2022-2028.
The BFSI sector
contributes around
8% of the total
economic output of
the United Kingdom,
the largest market of
blockchain in BFSI in
Europe
The Digital Payment
Market in Europe is
expected to reach
$22 Bn by the end of
2030.

4. can lead to expanded adoption by financial institutions seeking to improve their payment
frameworks.
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4. Major Players in Europe Blockchain in the BFSI Market
 Some of the prominent players in the market are Accenture, Amazon Web Services,Group
Limited, Hewlett Packard Enterprise Development (HPE), IBM Corporation, Intel
Corporation, Microsoft Corporation, Oracle Corporation, Ripple Labs Inc., and SAP SE.
 A blockchain platform called CLS and one of the top leaders in European blockchain in
the BFSI market, IBM, announced their alliance in July 2018. Nine additional budgetary
administration companies, including the banks Barclays and Citi, have joined this platform
in addition to IBM.
 In May 2019, three Irish banks (Institution of Banking, Bank of Ireland, AIB, and Ulster
Bank) and Deloitte, another significant player in the sector, tested data management on
the Ethereum blockchain for staff credential verification.
Growth
Drivers
Growing
demand for
comprehensive
security
procedures
Higher
compatibility
with the
financial
services sector
ecosystem
Faster and less
expensive cross-
border payment
systems.
Incraesing
influence of
digital
transcations

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Conclusion
In the dynamic landscape of the European BFSI blockchain market, accelerated growth is clear as
it grasps advancement and disruption. Ruled by tech-savvy frontrunners, including the UK,
Germany, Italy, and France, the market flourishes on comprehensive security measures,
consistent financial ecosystem integration, and quick cross-border payments. The pandemic
catalyzed digital adoption, cultivating straightforwardness and customer safeguarding. With an
anticipated CAGR of 65%, blockchain's transformative potential sparkles because it meets with
digital currencies and payments. As behemoths like IBM and Amazon forge alliances, the market
moves towards a decentralized, secure, and productive financial future.