Samsung invested in 13 crypto/blockchain firms between September 2021 and mid-June 2022, making the corporation the most active among the top 40 corporations. On the other hand, Google’s parent company, Alphabet, leads the list of top firms that participated in the largest investment rounds.
According to research firm Blockdata’s survey of leading businesses’ investments in blockchain and crypto startups, Samsung has invested in 13 firms. United Overseas Bank is the second most active, with 7 investments, closely followed by two American financial services behemoths, Citigroup and Goldman Sachs.
The report further asserts that forty large firms financed around $6 billion in blockchain startups between September 2021 and June 2022.
Quick facts stated in the study:
- Samsung made 13 investments among the 40 organizations, Citigroup made six, and Goldman Sachs made five.
- Google parent Alphabet (US$1.5 million in four rounds), BlackRock (US$1.2 million in three rounds), Morgan Stanley (US$1.1 million in two rounds), Samsung (US$979 million in 13 rounds), Goldman Sachs (US$698 million in five rounds), BNY Mellon (US$690 million in three rounds), and PayPal (US$650 million in four rounds) were among the investors in the largest funding rounds.
- 61 blockchain or crypto businesses — engaged in over 20 industries and 65 use cases — secured funding in 71 rounds.
- 19 organizations selling non-fungible tokens (NFTs) are from gaming, arts and entertainment, and distributed ledger technology.
Samsung Crypto Exchange is coming up
It was recently reported that Samsung Securities, the tech giant’s investment company, is considering opening its cryptocurrency exchange in 2023.
Read: https://cryptoiscoming.com/samsung-among-others-plans-to-launch-crypto-exchanges-next-year/
Six other large exchange-listed businesses, including Mirae Asset Securities, aim to launch a crypto trading platform in 2023.
These businesses, which deal directly with securities, are collaborating with South Korean financial institutions to get a license to execute exchange activities. The discussions are said to be nearing completion.
In the last year, Samsung has undertaken several initiatives in this regard. The South Korean conglomerate has created a wallet feature for its Galaxy series of smartphones and a television that supports non-fungible tokens (NFTs) and Cardano exposure (ADA).
According to local media, their upcoming exchange would focus on security tokens. It is worth noting that the business attempted to develop a trading platform for these assets last year but could not do so owing to a shortage of skilled personnel.