BlackRock, Google, and Morgan Stanley Invest Billions in Blockchain, Crypto: Report

BlackRock, Google, and Morgan Stanley Invest Billions in Blockchain, Crypto: Report

Forty of the world’s top 100 public companies by market capitalization are reportedly pouring billions of dollars into blockchain and crypto companies.

According to a recent report by crypto analytics platform Blockdata, 40 companies have invested around $6 billion in blockchain and crypto companies between September 2021 and June 2022.

Using figures from the market intelligence platform CB Insights, Blockdata reports that Google’s parent company Alphabet has the largest stake in the blockchain. The California-based firm invested $1.5 billion in startups Fireblocks, Dapper Labs, Voltage and Digital Currency Group.

The world’s largest asset manager, BlackRock, is the blockchain company’s next largest investor with investments worth $1.17 billion in FTX, Circle, and Anchorage Digital. Banking titan Morgan Stanley is in third place with $1.1 billion invested in Figment and NYDIG.

“Investors active in the largest funding rounds are Alphabet ($1.506 billion in four rounds), Blackrock ($1.171 billion in three rounds), Morgan Stanley ($110 million in two rounds), Samsung ($979 million in 13 rounds), Goldman Sachs ($698 million in five rounds, BNY Mellon ($690 million in three rounds) and PayPal ($650 million in four rounds).”

Among the group, Samsung is the most active, having invested in more than a dozen crypto companies. The South Korean phone maker pumped more than $979 million into 13 companies including Animoca Brands, Dank Bank, Flowcarbon, Saga, Big Whale Labs, Atomic Form, MYTY, FanCraze, Metrika, Sky Mavis, Aleo, Yuga Labs and Ramper.

In total, 61 crypto companies received investments from major public companies during the period. Of these, 19 offer non-fungible token (NFT)-related solutions and services, 12 are marketplaces, and 11 provide gaming services.

Source: Blockdata

Never miss a thing – sign up for crypto email alerts straight to your inbox

Check price action

Follow us TwitterFacebook and Telegram

Surf The Daily Hodl Mix

See the latest news headlines


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock/Papapig

Leave a Reply

Your email address will not be published.