Samsung tops the list of enterprise companies actively investing in blockchain in H1 2022 – BitcoinKE
Blockchain technology has attracted a lot of attention worldwide, with many people seeing the technology as the next transformation of the internet.
As funding for the sector continues to increase every year, corporate companies are also keen not to be left behind and are investing in various companies and startups in the blockchain sector.
Recent research from BlockData has found that forty companies invested in companies in the blockchain/crypto space from September 2021 to mid-June 2022.
BlockData found the companies that have invested in the most blockchain companies with the number of companies they have invested in, indicated in parentheses:
- Samsung (13)
- UOB (7)
- Citigroup (6)
- Goldman Sachs (5)
Although the researchers were unable to determine the exact amount these firms have put into the blockchain, they were able to classify investors based on the size of the funding rounds they have participated in.
From this we can see the top companies based on the total size of the rounds they participated in, which is also indicated in parentheses:
- Alphabet ($1.506 billion in 4 rounds)
- Blackrock ($1.171 billion in 3 rounds)
- Morgan Stanley ($1.10 billion in 2 rounds)
- Samsung ($979 million in 13 rounds)
- Goldman Sachs ($698 million in 5 rounds)
- BNY Mellon ($690 million in 3 rounds)
- PayPal ($650 million in 4 rounds)
The figures above should not be confused with how much money the companies invested, as the researchers were unable to obtain the actual figures.
“Samsung is making bets across the blockchain ecosystem by investing in companies that focus on 15 different use cases, such as blockchain services, development platforms, NFTs and social networks.
On the other hand, Alphabet and Blackrock show a completely different strategy by betting concentratedly on a smaller set of companies.” – Blokkdata
According to the research, 61 blockchain companies were the recipients of investments from these corporate powerhouses, with ConsenSys having received the most ($450 million) in a deal in which Microsoft participated.
Overall, 5 of the 61 companies were found to be building infrastructure, while ‘four companies focus on blockchain development platforms, dApps, smart contracts, asset management/tokenization and scaling solutions.’
3 of the 61 companies were found to offer custody solutions, and these include Circle and Anchorage Digital.
