While experts and regulators are calling for caution, some investors are clamoring for their blockchain-friendly status. Among the most listed companies in the world there are those who are convinced of the potential of the blockchain. These do not hesitate to invest in cryptocurrency companies.
Google, the number one blockchain-friendly investor
Who are the most blockchain-friendly companies? Blockdata, a Dutch business intelligence and blockchain market analysis platform, has conducted a study on the issue. The results of the research published last August reveal that Google is at the top of the list of companies that invest the most in the sector.
Between September 2021 and June 2022, Google’s parent company Alphabet invested $ 1.506 billion in blockchain companies. This tech giant has injected this capital into Fireblocks (digital asset custody platform), Dapper Labs (Web3 game company), Voltage (Bitcoin Lightning Network infrastructure industry leader), and Digital Currency Group (a venture capital firm). focused on the digital currency market).
BlackRock is also betting on the blockchain
In its ranking, Blockdata places BlackRock in second place. The figures indicate that the company invested $ 1.17 billion in blockchain initiatives over the same period. BlackRock is a New York-based wealth management and private equity firm.
The investment giant has notably partnered with Coinbase to offer institutional investors access to bitcoin. This collaboration evokes the optimism of the world’s largest asset manager about digital assets. More recently, BlackRock launched a blockchain ETF (Exchange Traded Fund) for European clients.
Morgan Stanley, another blockchain-friendly investor
Among blockchain-friendly investors, there are also banks, including Morgan Stanley. This American bank is the world leader in mergers and acquisitions and stock exchange underwriting. It is also a dimension in terms of investment and wealth management.
In its report, Blockdata points to a $ 1.1 billion investment in blockchain for Morgan Stanley. Thanks to which, its clients (only the richest) can now buy, store and even generate interest or invest in cryptocurrency funds. The adventure began in 2021 with, among other things, a partnership with Galaxy Digital.
Samsung, very active in the ecosystem
In fourth place is Samsung, with an investment of $ 979 million in blockchain initiatives. Last year Samsung Next, the group’s venture capital fund, was particularly ambitious. It invested specifically in Sky Mavis, the Axie Infinity blockchain-based game developer.
Samsung Next has also focused its investments in NFTs, notably by injecting funds into Nifty’s. It is an NFT-centric social media platform based in Miami. Most recently, last August, Samsung hinted that it plans to launch a cryptocurrency exchange in 2023.
Goldman Sachs, very focused on the Web3
Investment banking and financial services giant Goldman Sachs is bullish on cryptocurrencies and NFTs as well. The US bank is said to have invested $ 698 million in blockchain companies. This places it in fifth place among the 40 large companies analyzed by Blockdata. Earlier this year (in April), Goldman Sachs offered its first Bitcoin-backed loan.
The $ 100 billion group has partnered with Coinbase for this service. At the same time, the bank also began trading over-the-counter bitcoin options. It has also created a team specializing in digital assets to take advantage of all the benefits of the ecosystem. This, in order to develop on the Web3.
Crypto-skeptics are wondering how far these blockchain-friendly investors will go after these initial forays into the ecosystem. This situation also creates difficulties for regulators who are faced with the complexity of this new financial system that requires a new regulatory framework. These are just the beginnings of the story.
Get a summary of what’s new in the world of cryptocurrencies by signing up for our new servicedaily and weekly so as not to miss any of the indispensable Cointribunes!
I stumbled upon the cryptosphere by chance and witnessed the birth of a new era, that of DeFi. It is about economic freedom, transparency and opportunities available to all. This is a universe that deserves to be known.