Crypto Asset Depository Company Focusing on Institutional Markets It receives a significant increase in funding in 2021, according to The Block Research.
This year, these companies raised more than $3 billion. As stated in The Block Research’s 2022 Digital Asset Trends report, the investment rate is three times higher than in 2020.
The main funding rounds include Anchorage’s $350 million funding, $380 million of Ledger’s funding, $310 million of Fireblocks funding, and $50 million of Copper funding.
As noted by Carlos Reyes and Greg Lim of The Block Research, the funding is likely to have an impact on the digital asset industry going into 2022.
“By 2022, investment in digital asset custody is likely to bear fruit in the form of continuously enhanced service offerings in digital asset custody technologies,” they wrote. It continues to grow with traditional financial institutions such as BBVA, BNY Mellon and US Bank entering or expanding their digital asset offerings. This includes direct supervision or through partnerships with existing trustees.”
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