Blockchain Press Releases
Blockchain Government Market to Reach $218.6 Billion, Globally, by 2032 at 56.8% CAGR: Allied Market Research
The global blockchain government market is driven by factors such as the rise in interest of the government sector in adopting blockchain technology, the increase in need to protect against data tampering, and the surge in blockchain technology’s utility to form transparent and decentralized governments.
PORTLAND, Ore., July 4, 2023 /PRNewswire/ — Allied Market Research published a report titled, “Blockchain Government Market by Provider (Application Providers, Middleware Providers, Infrastructure Providers), by Application (Identity Management, Asset Registry, Smart Contracts, Payments, Voting, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global blockchain government industry generated $2.5 billion in 2022 and is anticipated to generate $218.6 billion by 2032, witnessing a CAGR of 56.8% from 2023 to 2032.
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Prime Determinants of Growth:
The global blockchain government market is driven by factors such as the rise in interest of the government sector in adopting blockchain technology, the increase in need to protect against data tampering, and the surge in blockchain technology’s utility to form transparent and decentralized governments. However, a lack of awareness regarding the blockchain technique negatively impacts the growth of the blockchain government market. In addition, a lack of a common set of regulatory standards, an uncertain regulatory landscape, and a lack of awareness and technical understanding about blockchain technology hinder market growth. On the contrary, the increase in adoption of advanced technology in infrastructure development and the government sector is expected to provide lucrative opportunities for the blockchain government market.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$2.5 Billion |
|
Market Size in 2032 |
$218.6 Billion |
|
CAGR |
56.8 % |
|
No. of Pages in Report |
233 |
|
Segments Covered |
Provider, Application, and Region |
|
Drivers |
Rise in interest in the government sector in adopting blockchain technology |
|
Increase in the need to protect against data tampering |
|
|
Surge in blockchain technology utility to form transparent and decentralized governments |
|
|
Opportunities |
Increase in career paths in blockchain technology |
|
Restraints |
Lack of awareness regarding blockchain technology |
|
Dearth of skilled professionals |
COVID-19 Scenario:
- The pandemic accelerated the need for digital transformation in government operations. As governments faced the challenge of providing efficient and secure services in a remote and contactless environment, the demand for blockchain solutions increased. Blockchain government providers were well-positioned to offer their expertise and services in enabling secure digital processes, such as digital identity verification, secure data management, and remote voting.
- In general, the pandemic accelerated the investigation of voting systems based on blockchain technology as an alternative to traditional methods. As a result, the COVID-19 pandemic has had a positive impact on the government blockchain market.
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The infrastructure providers segment to maintain its leadership status throughout the forecast period-
Based on provider, the infrastructure providers segment held the highest market share in 2022, accounting for nearly half of the global blockchain government market revenue, and is estimated to maintain its leadership status throughout the forecast period. with a growing trend towards cloud-based infrastructure in the blockchain government market. Infrastructure providers are leveraging cloud computing services to offer scalable and flexible infrastructure solutions to government agencies. However, the application providers segment is projected to manifest the fastest CAGR of 62.9% from 2023 to 2032. Application providers are developing customized blockchain solutions that address the unique requirements of government operations. They work closely with government agencies to understand their pain points, regulatory frameworks, and security concerns, and then design blockchain applications that align with those requirements.
The payments segment to maintain its lead position during the forecast period-
Based on application, the payments segment held the highest market share in 2022, accounting for more than one-third of the global blockchain government market revenue, and is projected to maintain its lead position during the forecast period. This is due to the fact that blockchain technology offers increased security and immutability, which are crucial for secure government payments. Blockchain-based payment systems provide secure cryptographic protocols and distributed ledger technology that make it difficult for malicious actors to tamper with transaction data. However, the voting segment would display the fastest CAGR of 65.3% from 2023 to 2032. This is because blockchain enables remote and mobile voting, allowing eligible voters to cast their votes from anywhere using digital devices. This helps to overcome geographical barriers, improve accessibility for people with disabilities, and encourage broader participation in the democratic process.
Europe region to rule the roost in terms of revenue by 2032-
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global blockchain government market revenue. This is because governments in North America are increasingly conducting pilot projects and proof of concepts to explore the potential of blockchain technology. These initiatives allow governments to test the feasibility and benefits of blockchain in specific use cases before implementing them on a larger scale. Examples include blockchain-based voting trials and land registry experiments. On the other hand, the Europe region is projected to rule the roost in terms of revenue during the forecast period. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 60.8% from 2023 to 2032. The growth is attributed to blockchain technology, which offers transparency, traceability, and efficiency in cross-border trade and supply chain management. Governments in the region are adopting blockchain solutions to enhance customs processes, reduce fraud, and streamline trade finance, contributing to increased efficiency and economic growth.
Leading Market Players: –
- Bitfury Group Limited.
- IBM
- Microsoft
- Oracle Corporation
- SAP SE
- RecordsKeeper
- Infosys Ltd.
- Amazon Web Services, Inc.
- Auxesis Services & Technologies (P) Ltd.
- BLOCKO Inc.
The report provides a detailed analysis of these key players in the global blockchain government market. These players have adopted different strategies, such as partnerships, product launches, and expansion, to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blockchain government market forecast from 2022 to 2032 to identify the prevailing market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities of blockchain government market overview.
- The Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the blockchain government market segmentation assists in determining the prevailing blockchain government market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global blockchain government market trends, key players, market segments, application areas, and market growth strategies.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/blockchain-government-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
OnRe, Backed by Ethena, Solana Ventures, and RockawayX Launches Structured Yield Product Combining Real-World Stability and On-Chain Upside
LONDON, May 21, 2025 /PRNewswire/ — Today, OnRe, the leading regulated on-chain reinsurance company, launches its ONe token. ONe is an accumulating token for LPs, currently offering projected returns of up to 40.35% consisting of reinsurance performance, collateral yield, and token incentives. OnRe unlocks previously inaccessible yield from the $750 billion global reinsurance market, and combines it with the digital asset market’s unique return attributes, resulting in a stable and scalable product.
Through its partnership with Ethena, OnRe allows users to deposit sUSDe into a reinsurance pool on Solana. Deposited sUSDe flows into a balanced reinsurance portfolio, carefully underwritten by OnRe’s underwriting and actuarial experts, then allocated across diversified insurance lines to generate uncorrelated yields. This enables on-chain capital markets to utilize this real-world asset class as liquid collateral across the ecosystem.
“OnRe provides the perfect real-world use case for sUSDe, allowing over $6bn in stable capital to earn additional, meaningful yield by deploying into one of the world’s most established financial systems. This partnership sets the stage for a new era of capital efficiency, transforming deposits into productive, yield-generating assets while opening a market that has long been out of reach for most investors.” — Guy Young, Founder of Ethena Labs.
OnRe’s blockchain-native structured product unlocks capabilities unreplicable in traditional finance, including upside participation through on-chain funding rates and integrations with other DeFi protocols to enhance capital efficiency.
In bearish markets, OnRe delivers consistent, stable yield through reinsurance exposure, independent of crypto and equity downturns. In bullish conditions, elevated on-chain funding rates and token incentives from sUSDe and the $ONRE protocol token offer meaningful upside potential.
ONe is directly tied to a regulated, revenue-generating business, setting it apart from DeFi tokens that rely on emissions or abstract governance mandates. Its value is linked to TVL, backed by real-world underwriting, and aligned with long-term platform growth. The project’s revenue dynamics are appealing, with the ability to generate the same income from $10M in TVL as a $500M money market fund.
Rising on-chain capital flows, driven by stablecoin adoption and investor demand for lower-volatility yield, make for ideal launch timing. With support from RockawayX, a seed investor in Solana and backer of 15+ of the ecosystem’s leading projects, and the Solana Foundation, OnRe’s integration roadmap will offer pool investors the potential for additional returns through DeFi composability, such as the ability to use the pool deposit receipt as borrow collateral on lending platforms.
“We pursue DeFi products that offer a substantially superior risk and return profile or user experience to traditional alternatives, and OnRe definitely fits the bill, with predictable returns in bearish environments, and meaningful upside in bullish times. Active participants will leverage OnRe’s integrations across Solana DeFi, with projects like Kamino, Exponent, and Fragmetric, making reinsurance a key on-chain portfolio building block. Better yet, the reinsurance industry is sorely in need of a digital lift, and we see OnRe accelerating a leapfrog step forward.” — Samantha Bohbot, Partner & Chief Growth Officer of RockawayX.
“Innovation doesn’t happen overnight or in isolation. The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It’s a model that’s rigorously tested, securely designed, and fully compliant. I’m excited to see ONe scale as a reliable collateral asset year-round, giving digital asset markets access to the strong, stable returns of insurance — one of the world’s largest and most profitable industries.” — Dan Roberts, Co-Founder and CEO of OnRe.
Backed by deep expertise and full regulatory approval, OnRe sets a new benchmark for allocators seeking reliable, cycle-resilient returns. Visit onre.finance for early investor incentives and and sign up to secure first access to upcoming rewards.
About OnRe
OnRe bridges the reliability of the $750bn global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to generate returns in both bull and bear markets — creating a return profile not replicable in traditional finance. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach.
Contact:
Sarah George
Heads of Operations
[email protected]
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VICTORIA, Seychelles, May 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, today announced an industry-disrupting partnership with The Open Network (TON) that introduces a $1 million reward pool campaign and fundamentally challenges established exchange revenue models. Launching today and running through June 20, the “TON Triumph” campaign eliminates all trading fees on TON pairs while offering staking returns that dwarf typical yields by up to 100 times.
In an unprecedented move that signals a significant shift in exchange competition strategies, MEXC will offer new users access to staking opportunities with up to 400% APR on TON tokens—creating what analysts describe as the most aggressive user acquisition campaign in the cryptocurrency exchange sector this year.
“This partnership represents a strategic inflection point for both the TON ecosystem and the broader exchange landscape,” said Tracy Jin, COO of MEXC. “By eliminating all typical entry costs into TON trading for a full month while simultaneously offering returns that outpace all competitors, we’re not simply running a promotion—we’re fundamentally changing how users engage with emerging Layer-1 ecosystems.”
Campaign Transforms Market Access and Investment Returns
The 30-day campaign introduces multiple disruptive elements that directly challenge other exchanges’ TON market dominance:
- Zero-Fee Trading Structure: Complete elimination of fees on TON/USDT, TON/USDC, and TON/EUR spot pairs, TONUSDT futures, and all TON/USDE network withdrawals—removing traditional revenue mechanisms that have defined exchange business models.
- Industry-Leading APR: New users can stake TON tokens to earn up to 400% APR, positioning the offering at 100 times higher than typical cryptocurrency staking returns and several hundred times above traditional banking products.
- Democratized Trading Access: Zero-fee structure gives retail traders access to the same economics previously available only to professional and institutional traders, significantly leveling the playing field.
- Limited-Time, First-Come Allocation: High-yield staking pools operate on a first-come, first-served basis with participants limited to 250 TON tokens per user, creating immediate urgency for early participation.
The campaign also includes passive rewards of up to 8% daily APR for USDE holders, spot trading rewards from a pool of 32,500 TON, and a futures trading competition with 100,000 USDT in bonuses.
TON Ecosystem Expansion and Infrastructure Advancement
This partnership is pivotal for The Open Network, which continues to gain momentum through its connection to Telegram’s 900+ million users and growing developer ecosystem.
The collaboration represents a significant leap forward in TON’s accessibility and adoption curve. By drastically reducing barriers to entry while providing exceptional incentives, the campaign accelerates the integration of new participants into the TON ecosystem, coinciding precisely with the network’s rapidly expanding technical capabilities and use cases.
The campaign also showcases MEXC’s platform capabilities, demonstrating advanced infrastructure that can handle zero-fee trading across multiple markets simultaneously while managing high-volume staking operations with variable APR structures.
Time-Sensitive Opportunity with Global Access
The $1 million in rewards is available exclusively during the 30-day window, with certain high-value components like the 400% APR staking pool starting on May 21st and operating on a capped allocation basis.
MEXC has created a streamlined onboarding process that allows new users to complete registration and KYC verification in minutes, with the campaign accessible to eligible participants globally through both web and mobile interfaces.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
About TON
The Open Network (TON) is a fully decentralized layer-1 blockchain designed for mass adoption. Originally conceived by Telegram and now developed by the open TON Community, the network offers exceptional scalability, accessibility, and ease of use.
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
HTX Executives Go Face-to-Face: Justin Sun & Molly Dive Into Market Strategy, Space Visions, and More Opportunities
SINGAPORE, May 21, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange has officially launched its new live talk show series Real Talk with HTX Executives. The premiere episode featured Justin Sun, Advisor to HTX, who provided an in-depth discussion on several recent platform highlights. HTX representative Molly also participated in the show, directly addressing user questions in real-time.
On The Launch of Mars Program Special Edition
Justin Sun: A journey to Mars is actually a personal dream of mine. Interestingly,the Chinese names HTX and Mars form a natural alliteration.
For now, the first step is space travel. I believe it’s a pursuit worth sharing with the HTX community. If there’s ever an opportunity, I aspire to offer our users the chance to experience space as well. Our investment in the space sector is long-term.
Our focus on space does not imply any deceleration in our core product development. On the contrary, HTX remains aggressive and ahead of the curve in new asset listings. As a Top 10 exchange, HTX possesses both significant momentum and established credibility. Regarding the speed and quality of token listings, our competitiveness matches, if not surpasses, that of any other exchange in the market.
The Mars Program symbolizes our vision for the future, reaching for the stars and beyond. Simultaneously, we remain firmly grounded in our commitment to our community. Our ongoing reward campaigns and $HTX token empowerment initiatives continue to operate at full capacity, delivering tangible value to our users.
On the Partnership with Trump Family’s Crypto Project
Justin Sun: We were one of the earliest players to recognize the significance of the Trump family’s involvement in crypto. From the beginning, I believed that Donald Trump’s influence would bring a huge wave of positive momentum into space, and now we’re seeing that come to life.
I am honored to serve as an advisor to the Trump family’s crypto team. I’m actively involved in providing insights and helping bridge the gap between crypto and traditional politics and, in a broader sense, possibly even between the two major economies. Our objective is to establish a robust, long-term relationship with the Trump family and onboard individuals from traditional industries into Web3.
On HTX’s Performance and Growth Strategy
Justin Sun: I’m confident that as long as HTX stays on the right course, sustainable growth will follow. Our strong brand influence, coupled with established reputation as a veteran exchange, fosters deep and enduring trust among our user base. What sets us apart is our unwavering focus on doing what’s right, especially in security and risk controls. HTX has maintained an unblemished security record for over twenty months, a significant accomplishment considering the frequency of security breaches within the industry.
We will soon launch a major win-back campaign for dormant users. If you’ve been away from HTX, there’s never been a better time to come back and rediscover what we offer.
The “Real Talk with HTX Executives” program was conceived based on my conviction that security is the paramount concern for cryptocurrency users. A lack of public engagement from exchange leadership can potentially erode user trust. This on-camera series will enable HTX executives to speak directly to our users, share important updates, and listen to their thoughts and concerns firsthand. This commitment to open communication is fundamental to how HTX continuously builds and reinforces user trust.
In response to inquiries about the future role of exchanges and HTX’s potential redefinition of the “trading platform,” HTX representative @HTX_Molly explained that HTX is evolving beyond the traditional exchange model, aiming to be a builder driving the industry’s long-term progress. By cultivating DAO culture and prioritizing community engagement, HTX is forging deeper connections among miners, developers, and users. This collaborative approach aims to facilitate the integration of Web3 into mainstream adoption through genuine consensus-building.
Meanwhile, with Justin Sun’s recent efforts to expand HTX’s reach into the U.S. market, the exchange is making a strategic move to send a global message — that Chinese exchanges offer not only speed, but also conviction and long-term vision.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.
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