Report on global blockchain ecosystem by CV VC, PwC and Cointelegraph


From enterprise blockchain adoption to the rise of decentralized finance, it seems like the blockchain landscape is constantly evolving in different ways. While impressive, it’s important to understand how blockchain is being applied within various industries. In order to highlight blockchain’s current global impact, a Swiss blockchain investment firm, CV VC, is releasing a new report together with Big Four firm PricewaterhouseCoopers Switzerland and Cointelegraph. 

Entitled “CV VC Global Report H1/2020,” this report provides a detailed overview of companies applying blockchain technology across eight different sectors, including art, crypto banking, crypto exchanges, custody providers, market makers, platform and protocols, token issuance companies, and venture capital. While a preview of the report discussing blockchain’s impact in the art industry was released on July 21, the full paper was published on Sept. 14.

Nicolai Reinbold, a report co-author and the incubation and ecosystem manager at CV VC, told Cointelegraph that the goal of the new report is to map out the global blockchain ecosystem, outlining the main activities of top organizations in each sector:

“Experts are featured in short sections covering trends and future insights. Each sector will also include an eventual in-depth online panel discussion, hosted by Cointelegraph, with experts from each respective industry mentioned.”

According to Reinbold, the CV VC Global Report consists of data taken from company sources, crypto exchanges, media reports and social media channels. While this is the first report of its kind, subsequent editions will be published every six months to reveal the most up-to-date trends in industry growth and development. Featured below are brief summaries of what readers can expect from the report.

The growing role of crypto banks and brokers

Cryptocurrency companies have started to expand their offerings to provide features like interest and loans using digital assets. As such, crypto banks and brokerage firms have been playing an important role in driving mainstream adoption of cryptocurrency. In order to highlight this, the CV VC Global Report includes an entire section on crypto banks and brokers.

One of the most interesting insights mentioned here comes from Mathias Imbach, a co-founder of Sygnum — a digital asset bank. According to Imbach, a regulatory digital asset ecosystem is critical for the development of crypto assets. “This market is forecast to be worth USD 24 trillion by 2027 and has the disruptive potential to reshape the securitization business model in the coming years,” he said.

Crypto exchanges set the value of cryptocurrencies

The report also discusses the important role of cryptocurrency exchanges, comparing them to traditional stock exchanges since they are able to buy and sell cryptocurrencies. It’s important to note, however, that there are many different types of crypto exchanges, each focusing on different functions.

For example, Roger Darin, a board member of the Bitcoin Association Switzerland and a co-founder of the fintech chapter of SICTIC — a business angel organization in Switzerland — explained that the crypto space currently needs a safe place to buy and sell security tokens, since many crypto assets are categorized as such:

“Ideally, that place is in a jurisdiction that investors associate with stability, prosperity and financial trustworthiness. It should be as easily accessible to retail investors as it is to banks and professional investors.”

Darin further pointed out that the decentralized finance sector is also on the rise, which will help shape the landscape for individuals looking to buy and sell crypto assets.

Custodians are crucial for crypto adoption

Cryptocurrency custodian services have also been on the rise as regulatory developments are implemented in various regions. Yet according to the report, the crypto custody market is often overlooked. While this may be, custody providers are critical for the adoption of crypto, particularly within the institutional space.

Adrien Treccani, the founder and CEO of METACO — a crypto custody provider — noted that adoption by large global institutions like Libra and PayPal are highlighting the need for trusted entities to manage crypto assets.

Fortunately, the announcement from the U.S. Office of the Comptroller of the Currency now allows all nationally chartered banks in the United States to provide custody services for cryptocurrencies. This is a huge step forward for cryptocurrency custody providers and will encourage more digital asset firms to apply to become qualified.

Market makers drive liquidity

A market maker, or liquidity provider, is a company that quotes the buy and sell price of a token, which is…



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