The amount of investments in the sector has grown significantly compared to the beginning of the year, despite the decline in digital currency rates in recent months.
Blockchain startups raised $ 4.38 billion in funding in the second quarter of 2021, according to analyst firm CB Insights.
This is 30% more than in the first quarter. The amount of funding in the second quarter of 2021 was an all-time record.
Circle, the issuer of the USDC (dollar pegged digital coin) stablecoin, attracted more than others.
The startup received $ 440 million from investors, and also announced plans to go public through a merger with SPAC company Concord Acquisition Corp., whose shares are traded on the NYSE.
In second place was the manufacturer of hardware cryptocurrency wallets Ledger, which attracted $ 380 million in investments.
According to Ledger CEO Pascal Gaultier, all institutional investors are now working on a plan to invest in cryptocurrency.
“Despite short-term price volatility, VCs remain optimistic about the future of cryptocurrency as a major asset class and the potential of blockchain to improve the efficiency, availability and security of financial markets,” said Chris Bendzen, senior analyst at CB Insights.
In early July, it became known that the Latin America fund of the Japanese conglomerate SoftBank had invested $ 200 million in the parent company Mercado Bitcoin, one of the largest cryptocurrency exchanges in South America.
According to the results of a new round of attracting investments, the company is estimated at $ 2.1 billion, which makes it the eighth largest unicorn in the region.