When it comes to revolutionizing legacy payment systems, blockchain technology is one of the most disruptive mechanisms that investors are looking for. It is clear when it comes to the biggest movers and shakers in the corporate arena.
The biggest blockchain investors are targeting payment services
According to a Pymnts article, seven of the 10 most active blockchain investors among large companies are focused on what the technology can do for payments. The article referenced Blockdata’s most active investors in blockchain companies out of the top 100 public companies.
“While the firms that held venture funding rounds were not necessarily pure payments firms, their offerings included payment services,” Pymnts noted. “These are Fireblocks, Circle, FTXAnchorage Digital, New York Digital Investment Group (NICE) and ConsenSys.”
While blockchain technology has permeated various industries, including finance, transportation, and healthcare, its use still appears to be centered on the financial services industry. This comes as no surprise, as blockchain technology is what underpins cryptocurrencies.
“The 10 investors that Blockdata said were the biggest crypto investors are Alphabet, BlackRock, Morgan Stanley, Samsung, Goldman Sachs, BNY Mellon, PayPal, Microsoft, Commonwealth Bank and Prosus,” the article added.
Various strategies can give investors blockchain exposure if they so desire. They can take a backdoor route by investing in said technology companies that use blockchain, or they can go for a more targeted approach by using exchange-traded funds (ETFs) that focus on the industry.
One such fund to consider is Strengthen transformational data sharing ETF (BLOCK )which has an active management strategy that can flex with the movements of the market by placing holdings in the hands of experienced portfolio managers.
With 50 shares as of 12 August, BLOCK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves. As mentioned, BLOCK is actively managed, invests in companies that collaborate with or invests directly in companies that use and develop blockchain technology, which is the technology behind cryptocurrencies such as bitcoin.
Summary of BLOK’s features per product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- Active management approach that can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
- Convenience and openness of ETF structure.
For more news, information and strategy, visit Crypto Channel.
