Crypto, Blockchain Investments in 2021 Exceeded Previous 3 Years Combined: KPMG

The accounting firm's biannual "Pulse of Fintech" report says investments in crypto and blockchain surged to $30 billion last year.

By Jamie Crawley

Feb 7, 2022 at 11:28 a.m. UTC

Updated Feb 7, 2022 at 4:25 p.m. UTC

(Eddie Jordan Photos/Shutterstock) — KPMG logo. (Eddie Jordan Photos / Shutterstock)

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Investments in blockchain and cryptocurrency last year exceeded the total for the three previous years combined, according to a report by KPMG.

The Big Four accounting firm's latest biannual "Pulse of Fintech" report finds that investment in crypto and blockchain surged to $30 billion in 2021.
That compares with $8.2 billion in 2018, $5.6 billion in 2019 and $5.5 billion in 2020.
Last year's total was reached across 1,332 deals, beating the previous record of 901 in 2018.
KPMG highlights the different approaches to crypto from different jurisdictions, specifically with regard to China's ban on bitcoin mining and trading as well as the threat that India would follow suit. As a result, crypto interest plummeted in Asia while picking up significantly elsewhere.
According to the report, there is "growing interest in the broad spectrum of blockchain opportunities, including the ability to use blockchains to support collaborative multi-jurisdictional activities – combining data, research and analysis related to a critical task into a single ledger for all."

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.