Google invested $1,5 billion in crypto projects since September 2021
The corporation’s main projects are Fireblocks, Dapper Labs, Voltage, and Digital Currency Group

17.08.2022 - 09:00
494
2 min
0
What’s new? Google parent company Alphabet invested $1,5 billion in the blockchain industry between September 2021 and June 2022. According to a Blockdata report, of the 40 companies investing in Web 3.0, Alphabet ranks first. By comparison, the corporation invested only $601 million in this area in 2020.
What else does the report say? The main projects Alphabet invested in were digital asset custody platform Fireblocks, gaming company Dapper Labs, bitcoin infrastructure protocol Voltage, and venture capital company Digital Currency Group.
In second place on Blockdata’s list is investment firm BlackRock, with $1,17 billion invested in the blockchain industry. Third place went to the financial conglomerate Morgan Stanley with $1,11 billion. NFT projects have become the most popular investment area.
Also, the data showed that in 2022 large banks began to increase their investments in the industry. United Overseas Bank, Commonwealth Bank of Australia, and BNY Mellon are among the institutions on the top list of crypto investors.
Earlier Bloomberg reported that institutional investors have begun to show increased interest in cryptocurrencies. Journalists noted BlackRock’s partnership with Coinbase, which is designed to make it easier for institutional investors to enter the crypto market, and news that the hedge fund Brevan Howard raised $1 billion for its crypto fund. In addition, BlackRock launched a private spot trust for bitcoin investments.
To find out how the crypto market will be affected by financial injections from big investors, see GetBlock Magazine’s article.
Useful material?
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025
Market
The Taproot Assets network will be used for the integration
Jan 31, 2025