World's Biggest Companies Invested $6B in Blockchain Firms September-June: Study

Google parent Alphabet participated in four funding rounds that raised a total $1.5 billion, Blockdata found.

AccessTimeIconAug 19, 2022 at 10:33 a.m. UTC
Updated Aug 19, 2022 at 12:40 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

Forty of the world's largest companies invested about $6 billion in blockchain companies between September 2021 and June 2022, according to a study by Blockdata that looked at the investment activity of the biggest 100 public companies by market cap.

Blockdata used the size of the funding rounds as a proxy for total investment, saying it isn't possible to determine the amount contributed by each participant in a round. Samsung was the most active, investing in 13 companies. Google parent company Alphabet (GOOGL) participated in four funding rounds that raised $1.5 billion for blockchain and crypto-related companies, the largest value.

The study highlights the mainstream acceptance of blockchain technology and the crypto industry. BlackRock (BLK), the world's largest asset manager, took part in rounds valued at $1.2 billion, and Morgan Stanley (MS) participated in $1.1 billion of fundraising activity.

Alphabet invested in four companies, including crypto custody technology provider Fireblocks, Flow blockchain developer Dapper Labs, Bitcoin network infrastructure provider Voltage and investment firm Digital Currency Group, the parent company of CoinDesk.

The study was reported earlier by Blockworks.


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC