A new report from one of the Big Four accounting firms, KPMG, reveals that investment in the crypto and blockchain space grew 5.5x the previous year to more than a record $30 billion in 2021. KPMG called 2021 “a blockbuster year for crypto and blockchain.” .”

“A successful year for crypto and blockchain”

KPMG released a report on investments in the cryptocurrency, blockchain and fintech space on Monday.

Noting that global fintech reached $210 billion last year, accounting firm Big Four wrote: “We’ve seen deal sizes increase across a wide variety of fintech sub-sectors – from crypto and blockchain to wealth technology and cybersecurity.”

Describing 2021 as a “successful year for crypto and blockchain,” KPMG detailed:

Investments in the crypto and blockchain space skyrocketed in 2021, from $5.4 billion in 2020 to over $30 billion.

“Overall, there has been an incredible increase in the level of recognition of the potential role of cryptography and its underlying technologies in modern financial systems,” KPMG noted.

“The growing activity in the space has also prompted new actions from central banks, some of which are considering the development of digital currencies following in the footsteps of China’s digital yuan,” the global professional services firm added.

The KPMG report also highlights that global venture capital investments reached a record $115 billion in 2021, surpassing the previous record of $53.2 billion set in 2018.

Global Crypto and Blockchain Investments Soared in 2021, Growing 5.5x to $30 Billion

Meanwhile, KPMG is investing in cryptocurrency. On Monday, KPMG in Canada announced that it has invested in bitcoin and ether, placing cryptocurrencies in its corporate treasury. “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become an integral part of the asset mix,” said accounting firm Big Four.

What do you think of investments in the crypto and blockchain space exceeding $30 billion? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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