Between September 2021 and June 2022, Google’s parent company, Alphabet, invested $1.5 billion in blockchain startups. According to media sources, the investment valuation is supposedly the largest compared to publicly listed companies entering the area.
Alphabet (Google) was identified as the investor with the largest sum of money compared to the top 40 public firms investing in blockchain and cryptocurrency startups in an updated blog post released by Blockdata on Wednesday.
The company has primarily invested in four blockchain businesses: digital asset custody platform Fireblocks, the Web3 game startup Dapper Labs, the bitcoin infrastructure tool Voltage, and the venture capital firm Digital Currency Group.
Blackrock invested $1.17 billion across three rounds, coming in second to banking titan Morgan Stanley with $1.1 billion over two rounds. The electronics giant Samsung tops the field with 13 fundraising rounds totaling $979 million. Goldman Sachs is in fifth place with $698 million.
How was the investment bifurcated?
The data showed that investments were made most commonly in organizations that provided nonfungible token (NFT) solutions. The firms that offer infrastructure, smart contract platforms, scaling solutions, Blockchain-as-a-Service (BaaS), and platforms for the custody of digital assets have received most of the remaining funding.
