Samsung is the most active investor in blockchain and cryptocurrency startups

Samsung became the most active of the top 40 firms between September 2021 and mid-June 2022 thanks to investments in 13 cryptocurrency and blockchain startups. However, when it comes to top companies who took part in the largest investment rounds, Alphabet, the parent company of Google, comes out on top. Samsung is the most active investor in blockchain and cryptocurrency startups

40 Companies Contribute $6 Billion

Samsung, a South Korean electronics giant, was the most active investor, having invested in 13 startups between September 2021 and mid-June 2022, according to research firm Blockdata’s review of investments in blockchain and cryptocurrency businesses by leading corporations. Following closely after United Overseas Bank, which made investments in seven businesses, are two of the biggest names in American finance: Citigroup (6) and Goldman Sachs (5).

According to the data, of the total number of businesses (65) that received funding from the 40 largest firms during the review period, over half (31) were cryptocurrency or blockchain startups. These startups were sponsored by Samsung, United Overseas Bank, Citigroup, and Goldman Sachs.

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Blockdata’s research nonetheless provides an estimate of the total amount invested by all the firms despite the lack of data on the precise amount invested by each business.

“From September 2021 to June 2022, the 40 firms spent almost $6 billion in blockchain startups. It is unknown how much each corporation contributed in a project because some rounds entail involvement from numerous investors, according to Blockdata’s study report.

Alphabet, the parent company of Google, comes out on top in the category of businesses that took part in the largest investment rounds after contributing to transactions that garnered just under $1.51 billion. Having taken part in three investment rounds totaling $1.17 billion, Blackrock is in second position.

With participation in two rounds totaling $1.1 billion, the American financial services behemoth Morgan Stanley is in third position, followed by Samsung in fourth with $979 million.

Corporations Fund NFT Businesses

Blockdata found that 19 of the startups receiving money were involved in “some sort of non-fungible tokens (NFT) solutions and services,” which is in line with the use cases that major corporations are interested in. Eleven companies in the business of offering gaming services, while 12 are marketplaces.

Astrid Sandoval

ByAstrid Sandoval

She is an investigative journalist who holds a Master’s Degree in Broadcasting, Telecommunications, and Mass Media from Temple University as a Research Associate at the Media Education Lab. Her research interests include Digital–Visual rhetorics and intellectual property issues in digital space. Also has been an active member of the cryptocurrency community since 2018. She has a passion for Bitcoin, open-source code, and decentralized applications.

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