BlackRock, Google and Morgan Stanley invest billions in blockchain and crypto technology: Report
Forty of the world’s top 100 public companies by market capitalization are reportedly pouring billions of dollars into blockchain and crypto firms.
According to a recent report by crypto analytics platform Blockdata, 40 firms have invested around $6 billion in blockchain and crypto companies between September 2021 and June 2022.
Using figures from market intelligence platform CB Insights, Blockdata reports that Google’s parent company, Alphabet, has the largest stake in blockchain. The California-based firm invested $1.50 billion in startups Fireblocks, Dapper Labs, Voltage and Digital Currency Group.
The world’s largest asset manager, BlackRock, is the second largest blockchain enterprise investor with investments worth $1.17 billion in FTX, Circle and Anchorage Digital. Banking titan Morgan Stanley ranks third with $1.10 billion invested in Figment and NYDIG.
“The investors active in the largest financing rounds are Alphabet ($1.506 million in four rounds), Blackrock ($1.171 million in three rounds), Morgan Stanley ($1.10 million in two rounds), Samsung ($979 million in 13 rounds), Goldman Sachs ( $698 million in five rounds, BNY Mellon ($690 million in three rounds), and PayPal ($650 million in four rounds).”
Among the group, Samsung is the most active, having invested in over a dozen crypto firms. The South Korean phone maker infused over $979 million into 13 companies, including Animoca Brands, Dank Bank, Flowcarbon, Saga, Big Whale Labs, Atomic Form, MYTY, FanCraze, Metrika, Sky Mavis, Aleo, Yuga Labs, and Ramper.
In total, 61 crypto companies received investments from the top public companies during the period. Of these, 19 offer non-fungible tokens (NFT)-related solutions and services, 12 are marketplaces and 11 offer gaming services.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Papapig