According to KPMG's Fintech Pulse Report for the second half of 2022, cryptocurrency or blockchain is the top area for fintech investment in Singapore in 2022, even if there is a significant decline in the second half of 2022, in Singapore, crypto-related investment from From $1.5 billion in 2021 to $1.2 billion in 2022, a 21% drop. Globally, investment in this sector falls from $30 billion in 2021 to $23.1 billion in 2022. Investments in cryptocurrency-focused companies are likely to remain weak in 2023, KPMG predicts, and investment may shift to jurisdictions with stronger regulatory frameworks for cryptocurrency activities. Blockchain-based solutions are likely to gain additional attention from investors, including institutional use cases, cross-border payments, gaming and NFTs.