World's Biggest Companies Invested $6B in Blockchain Firms Since September: Study
Forty of the world's largest corporations invested about $6 billion into blockchain companies between September 2021 and June 2022 according to a study by Blockdata that looked at the investment activity of the biggest 100 public companies by market cap.
Blockdata used the size of the funding rounds as a proxy for total investment, saying it is not possible to determine the amount contributed by each participant in a round. Samsung (005930) was the most active, investing in some 13 companies. Google parent company Alphabet (GOOGL) participated in four funding rounds that raised $1.5 billion for blockchain and crypto-related companies, the largest value.
The study highlights the ongoing mainstream acceptance of blockchain technology and the crypto industry. Financial services giants BlackRock (BLK) took part in rounds valued at $1.2 billion and Morgan Stanley (MS) participated in $1.1 billion of fundraising activity.
Alphabet invested in four companies: crypto custody technology provider Fireblocks, Flow blockchain developer Dapper Labs, Bitcoin network infrastructure provider Voltage and investment firm Digital Currency Group, the parent company of CoinDesk.
The study was reported earlier by Blockworks.