A brand new report by one of many Large 4 accounting companies, KPMG, reveals that funding within the crypto and blockchain area grew 5.5 instances the earlier 12 months to greater than a document $30 billion in 2021. KPMG referred to as 2021 a “Blockbuster 12 months for crypto and blockchain.”
‘Blockbuster Yr for Crypto and Blockchain’
KPMG printed a report Monday on investments within the cryptocurrency, blockchain, and fintech area.
Noting that world fintech reached $210 billion final 12 months, the Large 4 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 12 months for crypto and blockchain,” KPMG detailed:
Funding 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 enhance within the stage of recognition for the potential position of crypto and its underlying applied sciences in fashionable monetary methods,” KPMG famous.
“Growing 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 companies agency additional said.
The KPMG report additionally highlights that world VC funding reached a document $115 billion in 2021, surpassing the earlier excessive of $53.2 billion set in 2018.
In the meantime, 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 belongings and blockchain know-how will proceed to develop and turn into a daily a part of the asset combine,” stated the Large 4 accounting agency.
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