40 publicly traded corporations spent more than $6 billion on blockchain startups between September 2021 and June 2022, according to CB Insights, as reported by Cryptoslate.
With $1.17 billion, institutional hedge fund manager BlackRock followed suit, and Wall Street behemoths Morgan Stanley and Goldman Sachs each contributed $1.1 billion and $698 million. With 13 investment rounds, Samsung was the most active investor during that time. Citibank closed 6 agreements, while United Overseas Bank (UOB) led 7 rounds, Cryptoslate noted.
Google’s parent firm Alphabet invested the most amount ($1.5 billion) in 4 startups, including DapperLabs.
The amounts listed as having been awarded to Fire Blocks, Circle, and Anchorage Digital were $550 million, $550 million, and $350 million, respectively.
19 of the 61 blockchain businesses that were under consideration for financing were devoted to creating NFT solutions. About 63% of the solutions supported the purchase and sale of NFTs through marketplaces. A total of $1.4 billion was given to vendors of custody solutions.
(With insights from Cryptoslate)
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