investing billions blockchain Google, BlackRock and Morgan Stanley Invest in Blockchain and Crypto Technology!

Google, BlackRock and Morgan Stanley Invest in Blockchain and Crypto Technology!

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– 40 of the worlds top 100 public companies by market capitalization are reportedly pouring in billion of dollars into blockchain and crypto firms.
– According to a recent report from crypto analytics platform Blockdata, 40 firms have invested about $6 billion into blockchain and crypto companies between September 2021 and June 2022.
– Using figures from market intelligence platform CB Insights, Blockdata reports that Googles parent company, Alphabet, has the biggest stake in blockchain. The California-based firm invested $1.50 billion in startups Fireblocks, Dapper Labs, Voltage and Digital Currency Group.
– The worlds largest asset manager, BlackRock, is the next biggest blockchain company investor with $1.17 billion worth of investments in FTX, Circle and Anchorage Digital. Banking titan Morgan Stanley ranks third with $1.10 billion invested in Figment and NYDIG.
– Among the group, Samsung is the most active, having invested in over a dozen crypto firms. The South Korean phone maker infused over $979 million to 13 companies, including Animoca Brands, Dank Bank, Flowcarbon, Saga, Big Whale Labs, Atomic Form, MYTY, FanCraze, Metrika, Sky Mavis, Aleo, Yuga Labs and Ramper.
– In total, 61 crypto companies received investments from the top public companies during the period. Of these, 19 offer non-fungible tokens (NFT)-related solutions and services, 12 are marketplaces and 11 provide gaming services.

 

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