Seven of the top 10 most active blockchain investors among large publicly traded companies have stakes in at least one company that offers payment services.
That’s according to the list of “Most Active Investors in Blockchain Companies Among the Top 100 Public Companies” by blockchain market research firm Blockdata, released earlier this month. The 10 months from September 2021 to June 2022 were considered.
While the companies holding venture funding rounds weren’t necessarily pure payments companies, their offerings included payment services. These are Fireblocks, Circle, FTX, Anchorage Digital, New York Digital Investment Group (NYDIG) and ConsenSys.
Investment firm Digital Currency Group receives honorable recognition for portfolio investments in Abra, Avanti Bank, AZA (formerly Bitpesa) and a whole host of other crypto payment companies among the remaining 25 letters.
The 10 investors who were the top crypto investors according to Blockdata are Alphabet, BlackRock, Morgan Stanley, Samsung, Goldman Sachs, BNY Mellon, PayPal, Microsoft, Commonwealth Bank and Prosus.
Now there’s a big asterisk next to that list because Blockdata made it very clear that it couldn’t get the actual dollar amounts of each company’s individual investments. So they used round size as a proxy for the theory that investors spend more on companies that make more money.
As for the companies that offer payments:
Anchorage Digital is a digital asset custody firm that received the crypto industry’s first Bundesbank charter. Apart from that, it has a specific offering that gives merchants the ability to process payments ranging from peer-to-peer to cross-border payments.
Circle is the issuer of stablecoin USD Coin, the #2 stablecoin with a market cap of $52.5 billion. It also offers payment and treasury infrastructure for the Internet.
ConsenSys is an Ethereum-focused incubator. Its companies include CodeFi, a B2B digital currency solution for payments and finance.
Fireblocks acquired stablecoin and digital asset payments technology platform First Digital in February.
FTX, one of the largest crypto exchanges, has its payment arm FTX Pay.
NYDIG owns the real-time bitcoin payment application Bottlepay.
For all PYMNTS crypto coverage, subscribe to the daily crypto newsletter.
——————————
NEW PYMNTS SURVEY FIND 3 OF 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
Around: The results of PYMNTS’ new study, The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy, a collaboration with PayPal, analyzed the responses of 9,904 consumers in Australia, Germany, the UK and the US and showed a strong demand for a single multifunctional super app instead of using dozens of individual apps.
Comments are closed.