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Samsung Named Most Active Investor in Crypto and Blockchain Startups – Finance Bitcoin News


Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies, thus making the Korean conglomerate the most active among the top 40. . On the other hand, Google’s parent company Alphabet tops the category of top companies that have participated in the largest funding rounds.

40 corporations invest 6 billion dollars

According to an analysis by research firm Blockdata on investments in blockchain and crypto startups by top corporations from September 2021 to mid-June 2022, the South Korean electronics giant Samsung is the most active when it comes to investing in 13 companies. United Overseas Bank, a seven-company investment bank, was the next most active bank, followed closely by two US financial services giants Citigroup (6) and Goldman Sachs (5).

Research: Samsung Named Most Active Investor in Cryptocurrency and Blockchain Startups

As shown by analysisthe number of crypto or blockchain startups funded by Samsung, United Overseas Bank, Citigroup and Goldman Sachs during the period under review is almost half (31) of the total number of startups (65) raised capital from 40 leading corporations.

While there is no data on the exact amount that each company invests, Blockdata’s analysis still gives an estimate of the amount that all companies have invested.

“40 companies have invested around $6 billion in blockchain startups between September 2021 and June 2022. Because some rounds involved the participation of multiple investors, it is not clear each how much a company has invested in a project,” reads the Blockdata research report.

Meanwhile, regarding corporations active in the largest funding rounds, Alphabet, the parent company of Google, tops this category after participating in funding rounds of just under $1.51 billion. Blackrock came in second place having participated in three funding rounds in which $1.17 billion was raised.

American financial services giant Morgan Stanley took third place after going two rounds with revenue of $1.1 billion while Samsung came in fourth with $979 million.

Corporations Investing in NFT Companies

Regarding the use cases of interest to leading corporations, Blockdata identified that 19 of the companies that received the funding were in “some form of non-fungible token service and solutions (NFTs). ).” Twelve is the market while eleven is the business of providing game services.

Explaining the different investment approaches of leading corporations, the research firm said:

Samsung is betting across the blockchain ecosystem to invest in companies focusing on 15 different use cases, such as blockchain services, development platforms, NFTs, and social networks. Alphabet and Blackrock, on the other hand, are embodying an entirely different strategy by placing bets focused on a smaller group of companies.

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Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, author and writer. He has written extensively about the economic troubles of several African countries as well as how digital currencies can provide Africans with an outlet.














Image credits: Shutterstock, Pixabay, Wiki Commons, Blockdata,

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