However, Google's parent company Alphabet tops the list of top corporations that participated in the largest funding rounds.
Blockdata, a verified blockchain data provider, released a report analyzing the leading business in terms of investments in blockchain and crypto startups between September 2021 and mid-June 2022. As per the report South Korean electronics behemoth, Samsung was the most active, having invested in 13 firms. United Overseas Bank is the second most active, with 7 investments, closely followed by two American financial services behemoths, Citigroup (6) and Goldman Sachs (5).
According to the survey, the number of crypto or blockchain firms funded by Samsung, United Overseas Bank, Citigroup, and Goldman Sachs during the review period is over half (31) of the total number of startups (65) that raised capital from the top 40 corporations.
While data on the exact amount invested by each firm is unknown, Blockdata's analysis provides an estimate of the total amount invested.
The 40 companies invested nearly $6 billion in blockchain startups between September 2021 and June 2022. As per Blockdata's research report, because certain rounds involve participation from numerous investors, it is unknown how much each corporation invested in a project.
In terms of firms that participated in the largest investment rounds, Alphabet, the parent company of Google, takes the lead after participating in rounds that garnered just under $1.51 billion. Blackrock is second, having participated in three investment rounds totaling $1.17 billion.
Morgan Stanley, the American financial services behemoth, is ranked third, having participated in two rounds totaling $1.1 billion. While Samsung ranks fourth with $979 million.
Blockdata discovered that 19 of the firms receiving funding were involved in some type of non-fungible tokens (NFT) solutions and services. Eleven are marketplaces, while the other twelve are gaming service providers.
Explaining the various investment tactics adopted by the major corporations, the research firm said:
Samsung is betting on 15 potential use cases in the blockchain ecosystem, including blockchain services, development platforms, NFT, and social networks. Alphabet and Blackrock, on the other hand, are demonstrating a completely different strategy by placing concentrated investments on a smaller set of companies.
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