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In 2022, Alphabet, Samsung, and PayPal are top investors in the blockchain firms
Blockchain technology is a part of the emerging technology, blockchains store data in blocks that are then linked together via cryptography systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. It is transforming, not only the financial industry but also the health industry, media, aviation, etc. As the demand for blockchain is always prominent, blockchain firms are heavily funded. For example, 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).This article lists such top 10 companies that have invested in blockchain firms in 2022.
The world’s largest asset manager, BlackRock, is the next biggest blockchain company investor with $1.17 billion worth of investments in FTX, Circle, and Anchorage Digital. BlackRock is one of the world’s leading providers of investment, advisory, and risk management solutions.
Alphabet has invested approximately $1.506 billion in blockchain companies from September 2021 to June 2022 through four funding rounds. These companies are Fireblocks, Dapper Labs, Voltage, and Digital Currency Group. It is one of the top companies that have invested in blockchain firms.
South Korean tech giant Samsung has been identified as one of the active investors when it comes to blockchain firms. In the last year, Samsung has participated in 13 investment rounds including Bored Apes Yacht Club developer Yuga Labs, Axie Infinity owner Sky Mavis, and blockchain gaming company Animoca Brands. Most of the corporation’s investments came from Samsung Next, the innovation arm of Samsung Electronics that is focused on blockchain, AI, and the Metaverse.
Digital securities platform Securitize has big plans to drive the adoption of tokenized securities after raising $48 million in a Series B funding round led by Blockchain Capital and investment funds managed by Morgan Stanley. It is one of the top companies that have invested in blockchain firms.
Goldman Sachs was the fifth largest company to infuse $690 million in blockchain firms like Certik, Coin Metrics, Elwood, Block Daemon, and Anchorage Digital. Earlier this year, Goldman Sachs co-led the first public digital issuance on Ethereum public blockchain for the European Investment Bank.
BNY Mellon has previously made venture investments into blockchain startups. Earlier in the month of April, it led a Series C funding round for blockchain analytics provider Coin Metrics. The bank is the world’s largest conventional custodian and in March, it became the primary custodian for Circle’s USDC stablecoin. It is one of the top companies that have invested in blockchain firms.
PayPal and Visa, on June 22, led a $300 million fundraising in Blockchain Capital, a cryptocurrency venture capital (VC) company. Further, the two payment giants and a few other investors will participate in the company’s strategic partnership program. The company’s fifth funding round, dubbed ‘Fund V’, was oversubscribed at its $300 million hard limit, Blockworks reported.
AU21 Capital is a venture capital firm that prefers seed, early-stage, and later-stage investments in companies expanding the frontiers of blockchain technology. Some of the firm’s recent investments include blockchain gaming startups Enjinstarter and Awkay Technologies.
NGC Ventures was founded in 2017 and serves as both an investor and incubator of blockchain and cryptocurrency projects around the world. With an asset of $400 million, many of the companies they support—like Para mi Protocol and ReSource Finance—focus on utilizing blockchain’s potential for decentralization, with use cases such as decentralized finance and decentralized computing. It is one of the top companies that have invested in blockchain firms.