New Pulse of Fintech report by KPMG disclosed that over $30 billion in investments flowed into the crypto and blockchain sectors in 2021.
As Bitcoin (BTC) and altcoins took a chance from reaching new incomparable highs, the market sentiment appears gloomy since the beginning of 2022. However, whereas the market appears to be sleeping, its flight shows that there’s a lot of to appear forward to within the coming back months.
Multinational skilled services network KMPG revealed its period Pulse of Fintech report, wherever the firm tracks and analyzes developments and investments at intervals the monetary technology sector. The report highlighted the foremost notable developments in major regions just like the Americas, Asia Pacific and EMEA, and known the “surging interest” in crypto and blockchain within the past year.
While the scope of the report covers a broader context, crypto and blockchain remained as one of the key topics. Here are the most takeaways from the pulse of Fintech report by KPMG.
Over $30 billion in investments entered crypto and blockchain
From the $5.5 billion amassed in 2020, investments within the crypto and blockchain house rose to over $30.2 billion in two021. This shows that a lot of companies have recognized that crypto and its technologies have potential roles to play in modern financial systems.
Brian Heaver, a managing director at KPMG, thinks that 2021 is extremely vital for crypto once it involves adoption.
“There’s an incredible number of companies trying to do a lot of things in the crypto and blockchain space right now — and while we don’t know where all their efforts are going to land, there’s a ton of curiosity and interest in the possibilities.”
RegTech focused on crypto despite the shift in Asia-Pacific
Despite the outright crypto ban in China, technologies that help regulate crypto are “a relatively hot space of investment” in step with KPMG. The firm predicts that there could also be additional investments to return in regulation technology (regtech) solutions that specialize in cryptocurrencies within the future.
This may conjointly create its way to Europe in step with KPMG International’s international head of RegTech, Fabiano Gobbo.
“While the United States continued to attract the vast majority of investments in RegTech, Europe is well-positioned to see growth heading into 2022.”
( Ezra Reguerra, Cointelegraph, 2022 )