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