More than a billion dollars has already been invested in blockchain start-ups so far this year by Venture Capitalists (VCs), overtaking all of 2017 and on track for another record breaking year.
$1.12 billion has been invested so far, just slightly more than $1.07 billion in 2017. There’s an interesting trend however.
Corporate Venture Capital investment in blockchain tech has doubled from $0.4 billion in all of 2017 to $0.8 billion this year as of April 2019.
That’s not far off from half of the $2.4 billion raised in 2018 in corporate VC funding according to data by PitchBook compiled for Reuters.
Corporate investment in blockchain companies is therefore growing considerably, with such investments including the London Stock Exchange Group and Microsoft Corp.
The London Stock Exchange recently became the first to allow the issuing of tokenized shares using the ethereum based Token Factory, according to the Telegraph, while Microsoft has backed ethereum and other blockchains since at least 2016.
“People are really enamoured by tokenisation – the ability to produce coins or other forms of value – so that’s where we see all of the action at the moment,” said Anton Ruddenklau, global co-head of fintech at KPMG.
Source/More: VC Blockchain Investment Surpasses All of 2017 – Trustnodes
