Cryptocurrency Fundraising Gets Shifted Significantly Towards Asia and Europe, As Per PwC

As per a new report by Big Four auditing firm PwC, the majority of the fundraising in the digital asset domain moved from the Americas to EMEA and APAC regions. It is to be noted that EMEA consists of Europe, the Middle East, and Africa whereas APAC consists of the Asia Pacific region.

As per PwC’s 2nd Global Crypto M&A and Fundraising Report, fundraising efforts in the digital asset domain obtained around eighteen percent less funding during 2019. In addition to that, the funds in mergers and acquisitions subspace decreased by nearly forty percent.

As the comprehensive funding declined, EMEA and APAC’s share of the pie got bigger. While APAC and EMEA saw forty four percent of combined fundraising and M&A deal value in 2018, that percentage increased to fifty one percent in 2019.

During the same time period, the Americas’ share of collective fundraising and M&A deal value reduced from fifty five percent to forty eight percent.

PwC anticipates the move from the Americas to the above-mentioned areas to last throughout this year. The report mentions:

“2019 saw APAC and EMEA play a bigger role in the global crypto M&A and fundraising space. We expect to see this trend to continue in 2020. In particular, we expect to see more activity from APAC and EMEA based family offices looking at the market turbulence as a good time to enter the market.”