European banks have stopped debating digital assets and started funding them.
Across the EU, UK and Switzerland, institutions ranging from global systemically important banks to specialised local players are building dedicated teams and production-grade infrastructure. The shift from strategy to execution is now visible across the market.
Based on proprietary research with banks and infrastructure providers, The Big Whale’s latest benchmark maps how institutions are allocating resources, which capabilities they are prioritising, where they build versus buy, and how the provider landscape is evolving.
The findings reveal a market increasingly constrained not by strategic conviction, but by execution: integrating new infrastructure into legacy banking systems, navigating a fragmented technology environment, and building the internal capabilities required to operate at scale.
The full report provides detailed market sizing, peer benchmarks and a tool allowing institutions to compare their budgets, teams and capability coverage with the European market.
