The firm Blockdata tech has established a ranking of the biggest investors in cryptocurrencies and blockchain. Google comes out on top.
Blockdata tech has published the list of the 100 largest investors (listed companies) in the blockchain and cryptocurrency ecosystem between September 2021 and June 2022.
As surprising as it may seem, the first to invest large sums in cryptocurrencies are not necessarily the crypto platforms themselves or the digital payment specialists, as one might think. Indeed, the first investor in this area is the giant Google. The latter has invested $1.5 billion in cryptocurrencies and blockchain, via three fundraisers around 4 companies (Fireblocks, Dapper Labs, Voltage, Digital Currency Group).
At the beginning of the year, Google notably created a blockchain unit, headed by
Shivakumar Venkataraman, Vice President of Engineering at Google. The stated objective was to work on projects related to web 3 in the face of the rise of competing companies, such as Meta or Twitter in this area. Would Google be looking to catch up in this area in the year 2022?
American and Asian giants bet on web 3
Google is followed by the American financial giant Blackrock, which has invested 1.2 billion dollars in particular in the American cryptocurrency exchange platform FTX and in Circle. In third place is the American bank Morgan Stanley, which has spent $1.1 billion on blockchain and cryptocurrencies. Morgan Stanley is one of the most active American banks in the field of cryptocurrencies: for example, for the past year it has allowed its wealthiest clients to expose themselves to these assets.
Then, it is the Korean Samsung, with 980 million dollars which carried out the most operations during the period studied, 13 in number in 13 different companies. For its part, the American bank Goldman Sachs invested 698 million dollars through 5 operations while BNY Mellon invested 690 million dollars through 3 operations.
In the end, 40 companies invested around $6 billion in web 3 between September 2021 and June 2022.
“Since some rounds involve the participation of several investors, it is difficult to know how much each company has invested in a project”, admits the firm Blockdata tech.
But what is obvious is the predominance of GAFAM, American banks and a few Asian giants (Tencent, Samsung) in the field of web 3, with European companies once again lagging behind.