Google companies

Alphabet leads all public companies in crypto startup investments with $1.56 billion

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(Kitco News) – At a time when the majority of public conversation about blockchain technology and cryptocurrencies revolves around price and the latest government regulations, some of the world’s largest companies are investing billions of dollars to develop future cases. of use.

Data published in a recent report by blockchain intelligence firm Blockdata shows that 40 companies invested in blockchain-related businesses between September 2021 and June 2022.

Alphabet, Google’s parent company, topped the list in terms of amount invested, with $1.56 billion invested in blockchain companies during the designated period. BlackRock and Morgan Stanley complete the top three with respectively $1.17 billion and $1.1 million invested.

Public companies investing the most in blockchain companies. Source: Blockdata

Samsung was the most active investor during this period, investing $979 million in a total of 13 companies, followed by UOB with seven investments totaling $204 million. Financial giant Citigroup has invested in six blockchain-related companies, while Goldman Sachs has taken a stake in five.

Overall, the top 40 publicly traded companies invested a total of $6 billion in 61 blockchain/crypto startups over 71 investment rounds between September 2021 and June 2022.

Notably absent from the above list is MasterCard, which was among the top three active investors based on the number of deals they participated in before September 2021. Since then, the company has “mainly conducted incubator and development programs.” ‘accelerator for four blockchain startups’. according to Blockdata, as well as acquiring crypto intelligence firm CipherTrace in September 2021 to bolster its cybersecurity solutions.

Areas of interest for investment

There were over 20 industries and 65 use cases represented by the blockchain startups covered in this report.

Non-fungible token (NFT) solutions were the largest, with a total of 19 NFT companies represented, and many of these projects in the areas of gaming, arts and entertainment, and distributed ledger technology ( DLT).

Twelve of the companies are marketplaces, some of which support the buying and selling of NFTs, and 11 of the organizations provide gaming services. According to Blockdata, “There is considerable overlap between the use cases of companies that offer NFT solutions, marketplaces, and games.”

“The popularity of NFTs can be seen primarily as an opportunistic move by companies looking to capitalize on trends to meet where their customers transact. Startups that raise capital enable commerce in decentralized worlds by developing platforms where users can buy and sell NFTs, including virtual lands, clothing and other branded items,” Blockdata said.

Some of the other important use cases that are popular investments include blockchain services, infrastructure, development platforms, scaling solutions, and custodial solutions.

Custody solutions were among the most profitable startups. Fireblocks signed a $550 million deal involving Alphabet, while Circle raised $550 million in an investment round with participation from BlackRock, and Anchorage Digital raised $350 million in an agreement including PayPal and BlackRock.

Samsung demonstrated the broadest investment strategy, investing in a total of 15 different use cases across some of the most popular sectors, including blockchain services, developer platforms, NFT, and social media.

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