Big Four auditor KPMG says that institutional investors put a “significant amount” of money into blockchain and cryptocurrencies during the first half of 2021.
In a new report, KPMG says growing institutional investor participation is part of a widespread increase in the awareness of crypto assets and the digital asset industry at large.
As the blockchain and crypto sector has matured, so has the nature of its investors. In H1’21, a significant amount of institutional money flowed into the crypto space, highlighting the broadening of the investor base.
Investor awareness and knowledge of the sector is growing, with investors now having a much better understanding not only about crypto assets, but also the operational and procedural side of crypto – from custody and storage to storekeeping and the competitiveness and maturity of service providers.”
