Corporate crypto custodians raised more than $3 billion this year.
According to data from The Block Research, investments received by crypto custodians focused on the institutional market increased significantly in 2021. Data shows that such companies have received more than $3 billion in investments. In other words, more than triple the investment received in 2020.
Among the companies that received the most investment are Ledger, the leading hardware wallet manufacturer with $380 million, Anchorage, the first crypto bank to be approved by the OCC, with $350 million, Fireblocks with $310 million, and Copper with $50 million.
Saying that these investments will have implications for the digital asset industry, The Block Research analysts Carlos Reyes and Greg Lim say the following: