Investments in the cryptomarket can happen in different ways, from retailers to corporations, and so many companies are investing in the cryptocurrency technology, blockchain.

Several companies have shown interest in blockchain and its possible uses in recent years, with Google being the investment champion, betting billions on companies working with blockchain.

Alphabet, the company that owns Google, was the big champion of investments in cryptomarket-related companies in the period between September 2021 and June 2022.

The tech giant backed four crypto-market companies with an investment of more than $1.5 billion. The companies that received investments from the company were Fireblocks, Dapper Labs, Voltage, and Digital Currency Group.
40 companies have made investments in blockchain/crypto companies. Behind Google, the company that invested the most was the BlackRock fund, with over $1.17 billion invested in 3 companies, Circle, FTX and Anchorage Digital .

After BlackRock the largest investor was UOB, with 7 investments, followed by Citigroup, with 6 and Goldman Sachs with 5 investments. When we consider only the number of companies in which investments were made, the champion is Samsung. The company known for its cell phones has invested in a total of 13, with a total value of $969 million

In total, investments during these months in Blockchain companies and cryptocurrency-related tech startups amounted to more than $6 billion.

In terms of where these investments were directed, companies involved in solutions related to non-fungible tokens (NFTs) certainly took the lion’s share, with a total of 19 companies in the sector.

Banks also invested in crypto-market companies
The report also highlights that in addition to these companies, there was also an increase in investments made by banks. Often these investments were made directly into cryptocurrency companies, a possible sign that the banking sector is no longer seeing a rivalry situation.

United Overseas Bank was the second company to invest in a greater number of blockchain and cryptocurrency companies. But the bank was not the only one to make this kind of bet, other large banks such as Commonwealth Bank of Australia, BNY Mellon and Morgan Stanley have also significantly increased their stakes in the cryptocurrency sector, while Citigroup and Goldman Sachs have more or less maintained their positions.

With this it is possible to see a greater integration of the traditional sector into the cryptomarket, showing the interest of banks in these technologies.