The Planetary Daily Newsletter Blockchain Center and BlockState AG jointly released a research report on the global digital securities ecosystem. The report shows that 64% of digital securities investors come from traditional venture capital companies, and another 8% from investment funds, digital asset management companies and real estate companies, only 28% from blockchain venture capital firms. Among the respondents, the two companies with the largest number of investments were Chinese venture capital company ZhenFund and US venture capital firm Slow Ventures. The former invested 469 and the latter invested 387. However, the largest number of securities-based coin-related investments were Blockchain Capital and Coinbase Ventures (all three), and Andreseen Horowitz's venture capitalist a16z crypto invested two.