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Samsung Makes Highest Investment In Blockchain, Cryptocurrency Startups

A new study has named Samsung as the most active investor in cryptocurrency and Blockchain firms.

The study conducted by Blockdata, a research firm, said 40 Corporations have so far invested $6 Billion in Blockchain and cryptocurrency startups with Samsung, taking the lead.

It stated that Samsung had invested in 13 crypto/blockchain companies between September 2021 and mid-June 2022.

“The 40 companies invested approximately $6 billion into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project,

“Samsung is placing bets across the blockchain ecosystem investing in companies focused on 15 different use cases, such as blockchain services, development platforms, NFT, and social networks. On the other hand, Alphabet and Blackrock are showcasing a completely different strategy by making concentrated bets on a smaller set of companies.” the report stated.

As reported by Bitcoin.com’, “United Overseas Bank, which invested in 7 companies is the next most active and is closely followed by two American financial services giants Citigroup (6) and Goldman Sachs (5).

“As shown by the analysis, the number of crypto or blockchain startups funded by Samsung, United Overseas Bank, Citigroup, and Goldman Sachs in the period under review is nearly half (31) of the total number of startups (65) that raised capital from the 40 top corporations.

“While the data on the exact amount invested by each corporation is unavailable, Blockdata’s analysis still gives an estimate of the amount that was invested by all the corporations.”

 

 

 

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