KPMG predicts that the investments will slow down in the second half but well-positioned in comparison to the 2021 figures.
Accounting firm KPMG revealed in a report on Tuesday that venture capital firms invested $14.2 billion spread across 725 crypto project deals in the first half of 2022. The reported investment figures are double the invested funds in all years before 2021. Some of the largest investments in the crypto sector came from Trade republic, a german-based crypto trading platform, Fireblocks, a digital asset custody platform, and ConsenSys, an Ethereum software company.
The report predicted that investments might slow down in the second-half of 2022. But the decline will not be much compared to 2021. As per the report, these numbers reflect the growing maturity of the space and the expanse of technologies and solutions attracting such scale of investments.