Strategy has launched a new index that measures how much major banks and financial institutions have adopted bitcoin and other digital assets. According to the company, the first results show that overall bitcoin adoption across the banking sector stands at 32%.

The new Bitcoin Banking Adoption Index was announced by Strategy CEO Phong Le and later shared by Executive Chairman Michael Saylor. The company says the index is designed to track how traditional financial institutions are adding bitcoin-related services to their businesses.

Le said, "Adoption of Bitcoin and the related digital asset ecosystem across major banks and financial institutions is accelerating, but still early at 32%. Methodology and updates to follow."

Saylor also commented on the results, saying, "Major-bank Bitcoin adoption is accelerating, but still early: 32% overall as measured by the index."

The index includes about 25 of the world's largest banks and financial institutions. Strategy selected them based on factors such as total assets, assets under management, assets under custody, and their importance to the global banking system.

The company says it looked at several areas when scoring each institution. These include bitcoin trading, digital asset custody services, spot bitcoin exchange-traded funds (ETFs), stablecoins, tokenization, digital asset lending, and support for blockchain projects from company executives.

Strategy says the goal is to show how deeply each institution has integrated bitcoin into its business, rather than looking at just one product or service.

Fidelity received the highest score in the index with 71%. The company has built a large digital asset business through Fidelity Digital Assets, which offers digital assets trading and custody for institutional investors. Fidelity also manages the Fidelity Wise Origin Bitcoin Fund (FBTC), a US spot bitcoin ETF.

BNY ranked second with 46%, while Goldman Sachs came in third with 45%. Both companies have expanded their digital asset businesses in recent years through services such as custody, tokenization, and bitcoin investment products.

JPMorgan, Morgan Stanley, and Citigroup each received a score of 43%. Although their scores are the same, Strategy says each bank has taken a different approach to digital assets. Some have focused on tokenized payments, while others have expanded investment products or digital banking services.

The remaining banks received scores ranging from 38% to 13%. Wells Fargo scored 38%, while Banco Santander and Société Générale each received 35%. At the bottom of the ranking were Japan's SMBC and the Royal Bank of Canada, both with scores of 13%.

Although Strategy published the rankings, it has not yet explained exactly how the scores were calculated.

Le said the company plans to publish the methodology in the future. He also invited banks and financial institutions to submit questions or corrections if they believe their scores should be updated.

Because the methodology has not yet been released, it is not currently possible for outside researchers to independently verify the 32% overall adoption score or the rankings of individual banks.

The announcement received mixed reactions on social media. Some users said the creation of a Bitcoin banking index shows that digital assets are becoming a more important part of the financial industry.

Others questioned whether some banks deserved their scores. Some also said the rankings would be more useful once Strategy releases its full methodology.