Banks have been getting more into the space given the potential threat to their businesss models. JPM has its own startup called Quorom but others have invested it other startups. A common area of focus has been startups that want to modernize settlement and clearing. It has been a target as despite decades of technological improvement, the processes have been non-uniform among institutions, non-transparent and time-consuming. The fact that stock trades, for example, take three days to settle vs the minutes and hours of popular blockchain-based cryptocurrencies is a material difference in performance.