Crypto Beginner

Samsung leads investments in blockchain: Report

Google parent alphabet

South Korean tech giant Samsung and Google parent Alphabet—a holding company based out of California—figured in the list of companies that have invested in blockchain-related companies, according to a research report released by Blockdata. Samsung participated in 13 funding rounds, investing a total of $979.26 million.

Interestingly, Samsung has the most coverage in terms of companies—with Flowcarbon, Yuga Labs, Atomic Form, Sky Mavix, and Ramper being the leading ones.

The Blockdata report tracks investments made by these companies in blockchain-related businesses between September 2021 and June 2022.

It has been clarified since that some blockchain companies Google parent Alphabet had invested in—Fireblocks, Dapper Labs, Voltage, and Digital Currency Group—raised about $1.56 billion overall. It was also disclosed that Google has invested only a small fraction of that amount in blockchain-related firms. However, the exact investment figure hasn’t been disclosed yet.

According to the research report published on 11 August, BlackRock figures in the list with investments spaced out across three firms. BlackRock has investments in Circle, FTX, and Anchorage Digital— as of June 2022. The companies invested in raised close to $1.2 billion, in total.

Investment bank Morgan Stanley also appears on the list.

While there are many other tech and banking giants on the list, Goldman Sachs continues to be a regular on the list with cumulative investments of the involved companies like Certix, Anchorage Digital, and more— amounting to $698 billion, until June 2022.

For the uninitiated, an old Blockdata report (up until June 2021) shows that Goldman Sachs had invested close to $204 million across seven funding rounds.

Alphabet and Goldman Sachs

Other public companies which are heavily invested in blockchain-specific firms include PayPal, Microsoft, LG, and Wells Fargo.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user’s own risk.

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