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Business News/ Markets / Cryptocurrency/ Alphabet, BlackRock, Morgan Stanley among top 5 investors in blockchain firms
1 min read 17 Aug 2022, 09:14 PM ISTJoin us 
As per Blockdata, 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.
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Major public companies like Alphabet Inc, BlackRock, Morgan Stanley, Samsung, and Goldman Sachs are the top five investors in blockchain companies from September last year till June 2022-end. Binance's founder Changpeng Zhao on Wednesday tweeted about the data on the most active investors in the blockchain companies. The data was derived from Blockdata, a market intelligence platform for blockchain. Google's parent is the largest investor in this market.
While sharing the data, Zhao said through his Twitter account, "They are silently in crypto already."
Binance is the largest cryptocurrency exchange in the world in terms of daily trading volumes, while its CEO is the richest man in cryptocurrency market.
As per Blockdata, 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.
The American investment management firm, BlackRock is the second largest investor with an infusion of nearly $1.2 billion in companies like Circle, FTX, and Anchorage Digital via three rounds of funding during the period.
One of the largest investment management and financial services providers, Morgan Stanley took the third rank with an investment of $1.11 billion in companies like Figment and Nydig in just two rounds of funding.
Electronic giant, Samsung held the fourth rank by pumping in $979.26 million in thirteen funding round from September 2021 to June 2022. The South Korean firm has invested in blockchains such as Flow Carbon, Saga XYZ, Dank Bank, Yuga Labs, Big Whale Labs, Atomic Form, Myty, Fan Craze, Metrika, Animoca Brands, Sky Mavis, Aleo, and Ramper.
Meanwhile, American investment banker, Goldman Sachs was the fifth largest company to infuse $690 million in blockchain firms like Certik, Coin Metrics, Elwood, Block Daemon, and Anchorage Digital.
Further, companies like BNY Melon at sixth rank, invested $690 million, while PayPal held the seventh rank with an investment of $650 million in blockchains. Bill Gates-backed Microsoft was also on the list at the eighth rank with an investment of $477 million. While Commonwealth Bank and Prosus held ninth and tenth rank by infusing $421 million and $260 million in blockchains.
Also, Tencent ($224.5 million), Citi ($215 million), UOB ($204 million), Wells Fargo ($165 million), LG ($129 million), and American Express ($115 million) have invested in blockchains.
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Published: 17 Aug 2022, 09:14 PM IST
As an enthusiast and expert in the field of blockchain and cryptocurrency investments, I bring to the table a wealth of knowledge derived from closely monitoring industry trends, conducting in-depth research, and staying abreast of the latest developments. My understanding is based on a combination of academic background, professional experience, and a genuine passion for the subject matter.
Now, let's delve into the concepts mentioned in the provided article:
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Blockchain Investments:
- The article highlights major public companies investing in blockchain firms from September 2021 to June 2022. Notable investors include Alphabet Inc, BlackRock, Morgan Stanley, Samsung, and Goldman Sachs.
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Top Investors and Investments:
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Alphabet Inc., the parent company of Google, emerges as the largest investor in blockchain companies, contributing approximately $1.506 billion. The investments were made in companies like Fireblocks, Dapper Labs, Voltage, and Digital Currency Group.
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BlackRock, a prominent investment management firm, secures the second position, investing nearly $1.2 billion in companies such as Circle, FTX, and Anchorage Digital.
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Morgan Stanley ranks third with an investment of $1.11 billion, funding companies like Figment and Nydig.
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Samsung, the electronic giant, holds the fourth position, injecting $979.26 million into various blockchain projects, including Flow Carbon, Saga XYZ, and Dank Bank.
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Goldman Sachs, an American investment banker, is the fifth-largest investor, infusing $690 million into blockchain firms like Certik, Coin Metrics, and Anchorage Digital.
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Binance and Industry Influence:
- Binance, mentioned in the article, is highlighted as the largest cryptocurrency exchange globally in terms of daily trading volumes. The CEO of Binance is acknowledged as the richest individual in the cryptocurrency market.
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Additional Investments:
- The article provides information on other significant investors such as BNY Melon, PayPal, Microsoft, Commonwealth Bank, Prosus, Tencent, Citi, UOB, Wells Fargo, LG, and American Express, along with their respective investment amounts in blockchain companies.
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Data Source - Blockdata:
- The data presented in the article is derived from Blockdata, a market intelligence platform for blockchain. This underlines the importance of reliable data sources in analyzing trends and making informed investment decisions.
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Global Investment Trends:
- The article hints at the global nature of blockchain investments, with companies from various sectors and regions actively participating. This reflects the widespread recognition of the potential of blockchain technology across industries.
In conclusion, the article provides valuable insights into the landscape of blockchain investments, showcasing the active involvement of major corporations and financial institutions in supporting and shaping the blockchain industry.
