$1.6 billion was invested in institutional-focused crypto custody services: research

Between 2012 to 2020, $ 1.6 billion was invested over 46 deals in companies that offer institutional-focused custody services for cryptocurrencies.

Of these, 24 deals (or 52%) were focused on early-stage, VC-backed companies, whose median investment size amounted to roughly $15.7 million. 

Additionally, 2018 witnessed the highest activity across all deals amounting to $703 million, followed by 2020 which has seen total investments of $419 million years to date. 

The analysis is based on the figures published in the July 2020 report by The Block’s John Dantoni.