Samsung, Most Active Blockchain and Crypto Investor
According to the analysis of Blockdata, a research organization, on the major firms in blockchain and cryptocurrency startups between September 2021 and mid-June 2022, South Korean electronics giant Samsung was the most active. Samsung invested in 13 companies during that period.
According to the data, Samsung, United Overseas Bank, Citigroup, and Goldman Sachs undoubtedly sponsored over half (31) of the total 65 crypto or blockchain businesses that were financed by the 40 biggest firms during the examination time period.
United Overseas Bank is the second most active investor with seven separate firms, then comes two American financial powerhouses, Citigroup (6) and Goldman Sachs (5). The firms showed faith in the sector despite the market volatility.
The research estimates the total amount spent by companies as there is no data on the precise amounts invested by each firm.
The report by Blockdata reads that the 40 companies invested approximately $6 billion into blockchain startups from September 2021 to June 2022. Since some rounds involve participation from multiple investors, the exact amount each company invested in a project is unclear.
In the meantime, Alphabet, the parent firm of Google, participated investment rounds totaling $1.17 billion.
In the second position is Blackrock, with a total of $1.17 billion invested in three investment rounds.
Morgan Stanley, American financial services firm, moved up to the third position after participating in two rounds and raising $1.1 billion, while Samsung dropped to fourth with $979 million.