Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 Billion
A brand new report by one of many Big Four accounting corporations, KPMG, reveals that funding within the crypto and blockchain area grew 5.5 instances the earlier yr to greater than a report $30 billion in 2021. KPMG referred to as 2021 a “Blockbuster yr for crypto and blockchain.”
‘Blockbuster Year for Crypto and Blockchain’
KPMG revealed a report Monday on investments within the cryptocurrency, blockchain, and fintech area.
Noting that international fintech reached $210 billion final yr, the Big Four accounting agency wrote: “We noticed rising deal sizes in all kinds of fintech subsectors — from crypto and blockchain to wealthtech and cybersecurity.”
Describing 2021 as a “Blockbuster yr for crypto and blockchain,” KPMG detailed:
Investment within the crypto and blockchain area soared in 2021, rising from $5.4 billion in 2020 to over $30 billion.
“Globally, there was an unimaginable improve within the stage of recognition for the potential position of crypto and its underlying applied sciences in fashionable monetary techniques,” KPMG famous.
“Increasing exercise within the area has additionally sparked additional motion from central banks, a few of that are contemplating the event of digital currencies within the footsteps of the digital yuan in China,” the worldwide skilled providers agency additional said.
The KPMG report additionally highlights that international VC funding reached a report $115 billion in 2021, surpassing the earlier excessive of $53.2 billion set in 2018.
Meanwhile, KPMG is investing in cryptocurrency. On Monday, KPMG in Canada introduced that it has invested in bitcoin and ether, placing the cryptocurrencies in its company Treasury. “This funding displays our perception that institutional adoption of crypto property and blockchain expertise will proceed to develop and grow to be an everyday a part of the asset combine,” said the Big Four accounting agency.
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