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FT Partners Quarterly Crypto & Capital Markets Tech Insights and Annual Almanac

FT Partners is the only data source for comprehensive, global Crypto & Blockchain and Wealth & Capital Markets Tech deal activity covering M&A, Financing and IPO statistics and trends

FT Partners’ Crypto & Capital Markets Tech Insights Reports are published on a quarterly basis, along with a comprehensive year-end Almanac. All information included in the reports is sourced from FT Partners’ Proprietary Transaction Database, which is compiled by the FT Partners Research Team through primary research and data analysis. The reports feature M&A, financing and IPO statistics and trends as well as breakdowns by vertical, geography, investor-type and much more.

View our Global FinTech Insights and Almanac reports here.

Be sure to check back for quarterly updates and additions. All recent reports can be viewed or downloaded for free below.


Q3 2023 Crypto & Capital Markets Tech Insights

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Key Highlights:

    Wealth & Capital Markets Tech

  • Q3 2023 financing volume in the Wealth & Capital Markets Tech sector fell below the $1 billion mark for the first time since Q1 2020. Specifically, quarterly volume of $842 million equated to a year-over-year decline of 50% from Q3 2022, which recorded $1.7 billion.
  • The quarterly volume signified a return to pre-pandemic levels of activity (before the surge in FinTech funding), reaching a level slightly higher than the average quarterly volume from 2019 ($783 million).
  • Meanwhile, M&A activity kept up a stronger pace, with volume increasing year-over-year in Q3. At $6.0 billion, Q3 2023 M&A volume grew 53% over the year-ago period ($4.0 billion in Q3 2022), while M&A deal count was steady (43 deals in Q3 2023 compared to 48 in Q3 2022).


    Crypto & Blockchain

  • Crypto & Blockchain funding volume of $1.8 billion in Q3 2023 represented a year-over-year decline of 22% compared to Q3 2022 volume of $2.3 billion.
  • The majority of the deal flow in 2023 has been for early-stage companies. Seed rounds have raised the most capital so far, nearly $1 billion, while later-stage activity stalled.
  • In terms of coin / token performances, the price of Bitcoin rose 62% from the beginning of the year to the end of Q3. The price rallied further in October increasing 29% during the month alone, leading many to speculate that the extended crypto winter is beginning to thaw.

Report Features:

  • Q3 2023 and historical Crypto & Blockchain and Wealth & Capital Markets Tech financing and M&A volume and deal count statistics
  • Largest financings and M&A transactions in Q3 2023
  • Most active investors across both sectors
  • Corporate VC activity and strategic investor participation
  • Market performance data, IPO and SPAC volumes, and crypto prices and volumes