Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups

2 years ago
 Samsung Named Most Active Investor successful  Crypto and Blockchain Startups

Between September 2021 and mid-June 2022, Samsung invested successful 13 crypto/blockchain companies frankincense making the South Korean corp the astir progressive among the apical 40 corporations. Google’s genitor Alphabet firm, connected the different hand, tops the class of apical corporations that participated successful the biggest backing rounds.

40 Corporations Invest $6 Billion

According to the probe steadfast Blockdata’s investigation of investments successful blockchain and crypto startups by apical corporations betwixt September 2021 and mid-June 2022, the South Korean electronics elephantine Samsung was the astir progressive having invested successful 13 companies. United Overseas Bank, which invested successful 7 companies is the adjacent astir progressive and is intimately followed by 2 American fiscal services giants Citigroup (6) and Goldman Sachs (5).

 Samsung Named Most Active Investor successful  Crypto and Blockchain Startups

As shown by the analysis, the fig of crypto oregon blockchain startups funded by Samsung, United Overseas Bank, Citigroup and Goldman Sachs successful the play nether reappraisal is astir fractional (31) of the full fig of startups (65) that raised superior from the 40 apical corporations.

While the information connected the nonstop magnitude invested by each corp is unavailable, Blockdata’s investigation inactive gives an estimation of the magnitude that was invested by each the corporations.

“The 40 companies invested astir $6 cardinal into blockchain startups betwixt September 2021 and June 2022. Because immoderate rounds impact information from aggregate investors, it is unclear however overmuch each institution invested successful a project,” reads Blockdata’s probe report.

Meanwhile, concerning corporations that were progressive successful the biggest backing rounds, Alphabet, the genitor institution of Google, tops this class aft it participated successful rounds that raised conscionable nether $1.51 billion. Blackrock is successful 2nd spot having participated successful 3 backing rounds successful which $1.17 cardinal was raised.

The American fiscal services elephantine Morgan Stanley occupies the 3rd spot having participated successful 2 rounds which garnered $1.1 cardinal portion Samsung is successful 4th spot with $979 million.

Corporations Invest successful NFT Companies

Concerning the usage cases that apical corporations are funny in, Blockdata determined that 19 of the companies receiving backing were successful “some signifier of non-fungible tokens (NFT) solutions and services.” Twelve are marketplaces portion eleven are successful the concern of providing gaming services.

Explaining the antithetic concern approaches by the apical corporations, the probe steadfast said:

Samsung is placing bets crossed the blockchain ecosystem investing successful companies focused connected 15 antithetic usage cases, specified arsenic blockchain services, improvement platforms, NFT, and societal networks. On the different hand, Alphabet and Blackrock are showcasing a wholly antithetic strategy by making concentrated bets connected a smaller acceptable of companies.

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