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[SPONSORED] Examining the landscape of digital asset custody

[SPONSORED] Examining the landscape of digital asset custody

Quick Take

  • Custody of digital property has seen roughly $1.three billion in funding, with roughly $419 million allotted to pure crypto custody companies
  • Pure custody firms noticed capital injections throughout bear market circumstances following giant swings in the worth of Bitcoin. In 2014 and 2018, funding noticed a rise of 7,404% and 1,300% YoY, respectively
  • With extra custody suppliers than institutional demand, the market appears ripe for M&A transactions this yr akin to Coinbase’s acquisition of Xapo’s Institutional service in 2019 

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