Attractive Institutional Crypto Custodian…

Attractive Institutional Crypto Custodian… post thumbnail image

The indicator turned out to be a record for the indicated market direction.

By 2021, the volume of investments received by institutionally oriented crypto custodians will exceed $3 billion, writes The Block.

  • In 2021, the designated categories of companies attract a large amount of funding.
  • NYFIG, Fireblocks, Ledger, and Anchorage received the most investment.

Funding amount for institutionally oriented crypto custodians. Source: Blok

  • Block analysts Carlos Reyes and Greg Lim believe that the growth of funding for crypto custodians in 2021 will have an impact on the development of the crypto industry.

“Investments in crypto custodians in 2021 are likely to pay off in the form of expanded service offerings and the continued development of technologies that support digital asset storage. The crypto industry will also continue to show positive momentum as traditional financial institutions such as BBVA, BNY Mellon and US Bank grow,” The Block noted, adding that representatives from traditional financial markets are also showing interest in crypto storage solutions.

We will remind you, earlier on the network there was information that SEBA was the first Swiss cryptobank to receive a FINMA custodial license.

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