The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook

Private equity investors are pouring billions of dollars into blockchain-based apps and platforms fuelled by crypto, new data show.

Venture capital investment in such projects totalled $10 billion globally in the first quarter of this year, following full-year totals for 2019, 2020 and 2021 of $3.7 billion, $5.5 billion and $28 billion.

There have been 73 deals sealed so far in 2022 with a combined deal value of $8.8 billion, according to Dealogic, versus 51 deals worth $6.8 billion for the whole of last year.

Read more: Asia Financial