<p>Nearly half of decentralized finance (DeFi) or Open Finance (OFI) startups tracked by The Block are headquartered in the U.S.</p> <p>Out of the total 73 OFI firms in our database, nearly 50% are <a href="https://www.theblockresearch.com/nearly-50-of-open-finance-firms-are-headquartered-in-the-united-states-62607">based in the U.S.</a>, followed by the U.K. and Germany, according to recent findings published by The Block’s Steven Zheng.<br /> <br /> <img src="https://www.tbstat.com/wp/uploads/2020/04/Screen-Shot-2020-04-22-at-6.40.42-PM.png" /></p> <p>When looking at the legal domiciles of these firms, the percentages change up a bit. The U.S.-based share of the pie shrinks from nearly 50% to 44%. <br /> <br /> Through that lens, Singapore, Switzerland, Cayman Island and the British Virgin Islands take a larger share of the pie. Twenty-one percent of firms in The Block's data set have different legal domains and headquarters.</p> <p>Notably, 2017 was the most popular year for OFI firm launches. Over 57% of firms in The Block's data set were founded that year.</p> <p>To read the <a href="https://www.theblockresearch.com/nearly-50-of-open-finance-firms-are-headquartered-in-the-united-states-62607">full analysis</a> and more data-driven stories, subscribe to <a href="https://www.theblockcrypto.com/genesis">The Block Research</a>.</p>