Digital Asset outlook: Private markets

Digital asset outlook report 2022: Private markets

In our Digital Asset Outlook 2022 – Private Markets 1H 2022 report, we analyse the impacts on the private market and the implications for venture capital investment and provide the following takeaways:

  • Amidst the market slowdown, private valuations will be challenged, as public market multiples get compressed
  • Capital will become harder to raise

    a. Global venture funding is projected to decline by -19 percent in Q2 2022

    b. Companies should focus on product-market fit, keep costs under control and make it through the bear market
  • Short-term bifurcation between tier 1 projects and the rest of the market will grow

    a. Tier 1, blue-chip projects will find it easier to raise capital to minimise risk exposure

    b. Additional capital available leads to consolidation opportunities
  • Increased risk scrutiny may cause non-core, semi-illiquid assets to be sold off
  • Regulation is increasing in the crypto space: resistance is futile, better to embrace it
  • Market slowdowns are an opportunity for good companies to become great by building on key advantages


This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

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