Alphabet Leads Blockchain/Cryptocurrency Investment

Google’s parent company, Alphabet, has so far invested $1.5 billion in blockchain companies between September 2021 and June 2022, the largest among global companies.

A recent report by Blockdata has shown. According to the report, Alphabet led funding rounds of blockchain/cryptocurrency companies with $1.506 billion invested in four rounds.

Blackrock, Morgan Stanley, Samsung, Goldman Sachs and others followed as shown in the statement below.

The report went on to say, “Forty corporations invested in companies in the blockchain/crypto space during this time. Samsung is the most active, having invested in 13 companies. United Overseas Bank came in next with 7 investments, followed by Citigroup with 6 investments, and Goldman Sachs with 5. In most cases, we cannot determine how much money these corporations have invested, as they participate in funding rounds with multiple or many other investors. As a proxy of this, we can look at the total funding amounts of the rounds they participated in.

“Based on this, the investors active in the biggest funding rounds are Alphabet ($1,506M in 4 rounds), Blackrock ($1,171M in 3 rounds), Morgan Stanley ($1,10M in 2 rounds), Samsung ($979M in 13 rounds), Goldman Sachs ( $698M in 5 rounds, BNY Mellon ($690M in 3 rounds), and PayPal ($650M in 4 rounds). The 40 companies invested approximately $6B into blockchain startups between September 2021 and June 2022.“

Further analysis of the data, revealed that banks have begun to increase their exposure and interest in crypto and blockchain companies, driven by an increase in client demand for crypto services.

Banks on the list of crypto investors are United Overseas Bank, Commonwealth Bank of Australia and BNY Mellon.