Global VC investment in the blockchain and cryptocurrency space fell from $4.6 billion in H1 2019 to $1.2 billion during H1 2020, due partly to COVID-19 and partly the intensifying focus on value.

Digital asset platform Bakkt's US$300 million funding round was the largest in the sector in H1'20, followed by cross-border payments firm Ripple's US$200 million raise.