Beyond Crypto: 7 Blockchain Stocks To Buy
Blockchain stocks have been gaining traction amid the current cryptocurrency frenzy. Despite the Securities and Exchange Commission’s (SEC) recent discussion and regulatory warning on cryptocurrencies, blockchain technology has proven its value across broader sectors.
Initially developed to serve as a digital public ledger for recording transactions involving Bitcoin (CCC:BTC-USD), blockchain has expanded its presence into other industries, too. According to metrics by Grand View Research, “The global blockchain technology market size was valued at USD 3.67 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 82.4% from 2021 to 2028.”
While financial technology companies naturally lead the pack in blockchain adoption, retail, logistics, and healthcare firms have also started implementing the technology.
With this information, here is a list of seven blockchain stocks to keep on your radar for September:
ARK Fintech Innovation ETF (NYSEARCA:ARKF)
CME Group (NASDAQ:CME)
JPMorgan Chase (NYSE:JPM)
Marathon Digital Holdings (NASDAQ:MARA)
Riot Blockchain (NASDAQ:RIOT)
Silvergate Capital (NYSE:SI)
Siren NASDAQ NexGen Economy ETF (NASDAQ:BLCN)
Some examples of companies using blockchin include Walmart (NYSE:WMT), which has been collaborating with International Business Machines (NYSE:IBM) to ensure food safety by tracking distribution via blockchain. Starbucks (NASDAQ:SBUX) and Microsoft (NASDAQ:MSFT) have piloted a similar project for coffee suppliers. Meanwhile, MedRec by a team at the Massachusetts Institure for Technology operates a project on the Ethereum (CCC:ETH-USD) blockchain for simultaneous testing with Beth Israel Deaconess Medical Center.