![]() In most cases, we cannot determine how much money these banks have invested, as they participate in funding rounds with multiple or many other investors.Īs a proxy of this, we can look at the total funding amounts of the rounds they participated in. ![]() Please note the total deals take into account any investments made by the above organizations as well as subsidiaries and corporate venture arm. In this current cycle, the most active investors based on the number of investments in blockchain companies are KB Financial Group (8), United Overseas Bank (7), Citigroup (6), Goldman Sachs (5), and Commonwealth Bank of Australia (4). Of these transactions we tracked down, 6 involved new investors with first-time deals in the ecosystem, whereas the rest featured returning investors such as Morgan Stanley, BNY Mellon, and Goldman Sachs. Since then, the crypto blockchain market has experienced considerable levels of volatility, prompting us to revisit the activity of the banks we tracked and see what they've been investing in since.Īround 23 banks have made at least one investment in blockchain/crypto-linked entities in the cycle from August 2021 to May 2022 that we cover in this edition of our updated analysis. Back in August 2021, we highlighted how 55% of the top 100 banks (by assets under management, AUM) invested in companies operating in the blockchain and/or digital currency spaces, either directly or through subsidiaries.
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