BlackRock, Google and Morgan Stanley invest billions in blockchain and crypto technology: Report

Forty of the world’s top 100 public companies by market capitalization are said to be pouring billions of dollars into blockchain and crypto ventures.

According to a recent report by crypto analytics platform Blockdata, 40 companies invested around $6 billion in blockchain and crypto ventures between September 2021 and June 2022.

Drawing on figures from market intelligence platform CB Insights, Blockdata reports that Google’s parent company, Alphabet, has the largest blockchain stake. The Californian firm has invested $1.50 billion in startups Fireblocks, Dapper Labs, Voltage and Digital Currency Group.

The world’s largest asset manager, BlackRock, is the second largest investor in blockchain companies with $1.17 billion in investments in FTX, Circle and Anchorage Digital. Banking titan Morgan Stanley ranks third with $1.10 billion invested in Figment and NYDIG.

“Active investors in the largest funding rounds are Alphabet ($1,506 million in four rounds), Blackrock ($1,171 million in three rounds), Morgan Stanley ($1,10 million in two rounds), Samsung ($979 million over 13 rounds), Goldman Sachs ($698 million over five rounds), BNY Mellon ($690 million over three rounds) and PayPal ($650 million over four rounds). »

Among the group, Samsung is the most active, having invested in more than a dozen cryptocurrency companies. The South Korean phone maker has injected over $979 million into 13 companies, including Animoca Brands, Dank Bank, Flowcarbon, Saga, Big Whale Labs, Atomic Form, MYTY, FanCraze, Metrika, Sky Mavis, Aleo, Yuga Labs and Crawl.

A total of 61 crypto companies received investments from major public companies during the period. Of these, 19 offer non-fungible token (NFT) related solutions and services, 12 are marketplaces and 11 provide gaming services.

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