On-chain neobanks eye $4.4t market as blockchain banking scales by 2034

Data suggests neobanks will expand from roughly $149b in 2024 to $4.4t by 2034 as more services run fully on-chain, replacing slow cross-border systems with software rails.​

The global neobanking industry is projected to experience significant expansion over the next decade, with market size estimates showing growth from approximately $149 billion in 2024 to $4.4 trillion by 2034, according to market data.

Market projections at neobanking scaling past $1t

The projections indicate the market will exceed $1 trillion by 2029, representing accelerating year-over-year growth rates rather than linear expansion, according to the analysis.

Neobanks, which began as mobile-first alternatives to traditional banking institutions, are increasingly operating on blockchain infrastructure without physical branches or legacy banking systems, the report stated.

On-chain neobanks differ from traditional neobanks by running core financial operations directly on blockchain infrastructure rather than relying on partner banks, custodians, or regional payment rails, according to the analysis. These platforms manage assets on-chain with transparent records, process payments globally, and operate without constraints of banking hours or geographic boundaries, the report noted.

The blockchain-based model eliminates delays associated with cross-border settlement, removes dependency on closed banking networks, and operates without regional cutoff times, according to the analysis. The architecture allows these institutions to scale through software upgrades and smart contracts rather than physical branch expansion and manual back-office processes, the report stated.

The projected growth to $4.4 trillion by 2034 reflects anticipated expansion beyond user growth to include structural changes in financial services delivery, according to the market analysis. The projections account for increased adoption in payments, savings, asset management, and global money movement through digital, on-chain financial institutions, the report indicated.

Market analysts cited in the report suggest blockchain-based neobanks represent early iterations of financial infrastructure designed for internet-native economies, though the sector remains in early adoption phases based on the growth trajectory shown in the data.