$1.6 billion was invested in institutional-focused Bitcoin and crypto custody services according to the Block Crypto research. Between 2012 to 2020, $ 1.6 billion was invested over 46 deals in companies that offer institutional-focused custody services for cryptocurrencies. Of these, 24 deals (or 52%) were focused on early-stage, VC-backed companies, whose median investment size amounted to roughly $15.7 million.

Of the 28 companies providing cryptocurrency custody services to institutional clients cataloged by The Block Research, half of them are domiciled in the United States.

Crypto custodian Kingdom Trust is offering customers bitcoin cold storage from Fidelity Digital Assets.

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