Financial Institutions Investing in Crypto Startups at Record Pace

Crypto and blockchain startups have raised more than $850mn of VC funding in 13 deals, this puts the market on pace to break last years record of $2.4bn from 117 deals; the crypto market has seen a lot of turmoil in the last 18 months but the funding news shows there is still a lot of interest in the underlying technology; tokenization is helping to drive the investment push, tokenization would bring conventional assets to the blockchain; the constant push and pull in the space will continue until a major bank reaches scale with the technology. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.