Goldman, Google Make Most Active Blockchain Investor List

MORE THAN $3 BILLION IN FUNDS HAS BEEN RAISED BY INITIAL COIN OFFERINGS

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Google and Goldman Sachs are two of the most active corporate investors in blockchain companies.

Blockchain technology is being industrialized for use in an array of businesses from finance to insurance, encouraging cheaper and quicker processes.

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In 2017, 42 equity investment deals have been made by corporates, totaling $327 million, just shy of $390 million for the whole of 2016.

Japan’s Financial Services Agency has approved 11 cryptocurrency exchange companies moving the country apart from its neighbors that are constriction their control on cryptocurrencies.
RELATED: Japan’s Financial Services Agency has approved 11 cryptocurrency exchange companies moving the country apart from its neighbors that are constriction their control on cryptocurrencies.

SBI Holdings, a Japanese financial services firm, is the highest operating corporate stakeholder, having incentives in eight blockchain firms including, Kraken, a cryptocurrency exchange based in California, and R3, an association of banks operating together on new functions for blockchain technology.

Alphabet, a conglomerate created in a corporate restructuring of Google back in October 2015, is the second-most active with investments in “Blockchain,” a bitcoin wallet company, and Ripple, which is developing technology for money transfers using blockchain.

Overstock.com is in third place. U.S. banks Citi and Goldman Sachs are in fourth and fifth place respectively. Both Citi and Goldman Sachs have funds in Digital Asset Holdings, which is spearheaded by Blythe Masters, a former JPMorgan Chase executive.

Numerous banks are part of associations intended at studying and evolving blockchain technology.

Hyperledger, the Enterprise Ethereum Alliance, Ripple, and R3 are all consortia operating with banks.

With the rise of interest in blockchain technology, investments in a new crowdfunding method has brought the rise of Initial Coin Offerings (ICOs).

Coinschedule lists all the important dates in cryptocurrency projects. Whether you are already involved with Bitcoin or other cryptocurrencies or just want to get into it, CoinSchedule is a resource to keep bookmarked. They list the dates that matter: ICOs, crowdfunding, major milestones and conferences.

During an ICO, start-ups sell tokens, which are similar to shares. More than $3 billion has been raised via ICOs, according to Coinschedule, a website that tracks ICOs.

The ICO Market in 2017 alone is worth around $830 million, up from $545 million in 2016.

Filecoin was one of the largest ICO’s which raised $257 million, along with Tezos, which received over $230 million in funds.

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ABOVE VIDEO: Introducing Filecoin, a decentralized storage network.

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