Mapping out Israel’s blockchain ecosystem

Quick Take

  • Blockchain startups headquartered in Israel have received approximately $256 million in investment over the past eight years
  • Starkware, Fsight, Spacemesh, Orbs, and Clear Technologies account for approximately half of all blockchain investments Israeli firms have received
  • The Block has mapped out 51 firms across 14 different sub-categories that are part of Israel’s ecosystem

Research Org Chart: BitGo

Quick Take

  • BitGo is a digital asset custody firm for institutional investors founded by Mike Belshe and Ben Davenport
  • The firm has used mergers and acquisitions to better position itself in some of its newer product offerings, acquiring both Hedge and Harbor
  • The Block has outlined the leadership and board of directors of BitGo and their historical roles at past firms prior to joining the firm

Mapping out Open Finance (DeFi)

Quick Take

  • Open Finance represents blockchain-enabled, permissionless, and transparent financial services and products
  • These products and services have received $223 million in venture funding and $577 million from ICOs to date — totaling $800 million in investment when combined
  • We have mapped out a total of 111 projects and companies across 11 different sub-categories that are part of the Open Finance sector

Mapping out the blockchain ecosystem in Singapore

Quick Take

  • Singapore has been attractive landing spot for blockchain companies due to its regulatory-friendly environment 
  • Since, 2014, according to Pitchbook, Blockchain companies in Singapore have seen approximately $419 million in investment
  • The Block has mapped out 153 blockchain companies headquartered in Singapore, across 27 different sub-categories.

Mapping out the blockchain ecosystem in the United States

Quick Take

  • Since 2012, approximately $8.4 billion has been allocated to blockchain firms inside the US
  • Despite incoming investment, a high percentage of firms in the US surveyed by The Block believe unclear regulations and guidelines have been a hindrance
  • We have mapped out a total of 120 firms inside the U.S., across 19 sub-categories that represent a significant portion of the sector

[SPONSORED] Examining the landscape of digital asset custody

Quick Take

  • Custody of digital assets has seen approximately $1.3 billion in investment, with approximately $419 million allocated to pure crypto custody firms
  • Pure custody companies saw capital injections during bear market conditions following large swings in the price of Bitcoin. In 2014 and 2018, investment saw an increase of 7,404% and 1,300% YoY, respectively
  • With more custody suppliers than institutional demand, the market seems ripe for M&A transactions this year akin to Coinbase’s acquisition of Xapo’s Institutional service in 2019 

Mapping out the blockchain ecosystem in Germany

Quick Take

  • Germany had 44 blockchain investment deals worth a total of of approximately $101m over the past two years
  • Berlin, Munich, and Frankfurt have been the most popular cities for blockchain companies headquartered in the country, accounting for 63% of the companies
  • The Block has mapped out a total of 74 companies across 19 different sub-categories in Germany’s blockchain ecosystem.

Mapping out 2019’s crypto and blockchain project launches

Quick Take

  • Ahead of the start of 2020, The Block has mapped out 2019’s product and protocol launches
  • This year includes Bakkt, Chainlink, WBTC, as well as many other projects that could lay the foundation for the future industry development.