$1.6 billion was invested in institutional-focused crypto custody services: research
July 19, 2020, 11:58AM EDT
1 min read
Between 2012 to 2020, $ 1.6 billion was invested over 46 deals in companies that offer institutional-focused custody services for cryptocurrencies.
Of these, 24 deals (or 52%) were focused on early-stage, VC-backed companies, whose median investment size amounted to roughly $15.7 million.
Additionally, 2018 witnessed the highest activity across all deals amounting to $703 million, followed by 2020 which has seen total investments of $419 million years to date.
The analysis is based on the figures published in the July 2020 report by The Block’s John Dantoni. To read the full report, subscribe to The Block’s Research.