Google & Goldman Top List of Blockchain Investors


Alright, alright. I get blockchain and all that, BUT how can I make some money and invest in it? Well, glad you asked cause it seems the “big players” in the blockchain sector are Google and Goldman and here are some things they are doing. Don’t want to pop your balloon but they probably (?) have more money and access to investments than any of us do, but they do point out a trend we all can tap in to. So much opportunity and potential.
(Bill Taylor/CEO)

“Lloyd Blankfein last week tweeted that he’s “still thinking about #Bitcoin,” but the bank he leads is doing more than just thinking about the technology that underpins the cryptocurrency.

Goldman Sachs Group Inc. is the fifth most active corporate blockchain investor, with involvement in four companies focused on the distributed-ledger technology since 2012, according to a report by tech researcher CB Insights. The bank’s investments include software developer Digital Asset Holdings, payments company Circle and Axoni, which provides blockchain infrastructure for capital markets.

Japanese broker and venture capital firm SBI Holdings Inc. tops the list, with investments in eight blockchain companies, including cryptocurrency exchange Kraken and Ripple, which provides banks with money-transfer technology. Alphabet Inc.’s Google comes in second, with six investments that span data storage provider Storj, cryptocurrency derivatives-trading platform LedgerX and merchant services with Veem. Inc., which last month said it’s opening a cryptocurrency exchange, and Citigroup Inc. are the third and fourth most active.

The data show that the world’s biggest corporations are betting blockchain will start to seep into the fabric of business. The financial sector has been the most active as the technology especially lends itself to the transfer of money. All 10 of the largest U.S. banks by assets have been involved in the sector, investing $267 million in six blockchain companies and one consortium, the report found.

While banks and corporations are investing in a handful of blockchain companies, venture capital firms have bet on over 100 of them. The top three most active firms ranked by number of portfolio companies are Digital Currency Group, Blockchain Capital, Draper Associates, while Andreessen Horowitz and Union Square Ventures also make the list…”

Full Story at Bloomberg