SNEAK PEEK
- Google’s parent company, Alphabet, has topped the list of biggest investors in blockchain.
- Morgan Stanley, Goldman Sachs, BlackRock and Samsung are other heavy investors.
- According to the data, companies that offer NFT solutions are the ideal choice for investment.
Alphabet, Google’s parent company, has invested the maximum capital in the blockchain industry as compared to other public companies. Its investment counts for $1.5 billion from September 2021 to June 2022.
According to a blog, Alphabet is the richest investor in comparison to the 40 leading corporations that have invested in both crypto and blockchain companies.
$1.5 billion have been invested into the space with a focus on four blockchain companies- Fireblocks, Dapper Labs, Voltage and Digital Currency Group.
Last year, Google diversified a funding of $601.4 million throughout 17 blockchain companies, including Dapper Labs, Alchemy, Helium, Blockchain.com, Ripple and Celo.
Google has been consistently investing in blockchain with other 40 companies. This time, it is $6 billion; between January 2021 to September 2021, it was $1.9 billion whereas, in 2020, it was $506 million.
Talking about other major corporate investors, they are BlackRock with an investment of $1.17 billion, Morgan Stanley with $1.11 billion and Samsung with $979.2 million.
Similar to Google, BlackRock and Morgan Stanley have also gone for a concentrated move of investing in two or three companies. Coming to Samsung, it emerged as the most active in terms of investment by investing in 13 companies.
According to the data, companies providing NFT solutions have received the most investment.
As far as remaining investments are concerned, they are split among companies that deal in Blockchain-as-a-Service (BaaS), scaling solutions, infrastructure, smart contract platforms and digital asset custody platforms.
Another observation by the data revealed that banks are increasing exposure to companies like blockchain and crypto. United Overseas Bank, BNY Mellon and Commonwealth Bank of Australia are among the banks that top the list of crypto investors.
