Crypto Sponsorships in Football Hits $565 Million as Clubs Embrace Digital Finance
Digital assets are increasingly becoming a mainstream part of global football, with crypto sponsorship spending in the sport reaching $565 million in the 2024/25 season, according to a recent report by B2Binpay.
That figure represents a 20% year-on-year increase and mirrors the broader adoption of decentralized finance (DeFi) and digital assets, with DeFi’s total value locked (TVL) rising to $164 billion today from $61 billion in January 2024. Meanwhile, sports tokens – many of which are linked to football clubs – boast a collective market capitalization of $1.42 billion, according to CoinGecko.
“Since the 2020–2021 hype cycle, crypto’s role in sports has been slowly shifting from short-term buzz to long-term, practical partnerships that focus on blockchain technology's real benefits,” Andrea Morando, Director of Partnerships at Chiliz, a sports-focused blockchain, said in comments shared with The Defiant.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io