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Google is the world’s greatest backer of cryptocurrency and blockchain corporations. The tech big’s father or mother firm Alphabet invested $1.5 billion into simply 4 crypto startups since September 2021, based on a report from Blockdata. The businesses backed had been digital asset custody platform Fireblocks, Web3 recreation firm Dapper Labs, Bitcoin infrastructure instrument Voltage and enterprise capital agency Digital Forex Group. Samsung was probably the most energetic investor within the interval, backing 13 corporations with a complete funding of $979.2 million. BlackRock and Morgan Stanley invested greater than Samsung – $1.2bn and $1.1bn respectively, however throughout simply three and two rounds of funding. Goldman Sachs was fifth with $698m throughout 5 funding rounds, adopted by BNY Mellon ($690m in three rounds) and PayPal ($650m in 4 rounds). A complete of 61 blockchain or crypto corporations – energetic in over 20 industries and 65 use instances – obtained funds throughout 71 rounds from 40 funders, the report mentioned, with $6bn invested.
Learn extra : In Crypto: Google’s $1.5bn cryptocurrency funding.
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