crypto strategy

Biggest Blockchain Investors Target Payment Services

When it comes to revolutionizing legacy payment systems, blockchain technology is one of the major disruptive mechanisms that investors consider. This is evident when it comes to the biggest movers and shakers in the corporate arena.

According to a Payments article, seven of the 10 most active blockchain investors among large companies focus on what the technology can do for payments. The article referred to Blockdata Most Active Investors in Blockchain Companies by Top 100 Public Companies.

“While the companies that staged venture capital funding rounds were not necessarily pure-play payment companies, their offerings did include payment services,” Pymnts noted. “These are Fireblocks, Circle, FTXAnchorage Digital, New York Digital Investment Group (NYDIG) and ConsenSys.

While blockchain technology has permeated various industries, including finance, transportation, and healthcare, it seems that its use is still centered on the financial industry. This is not surprising, since blockchain technology is what underpins cryptocurrencies.

“The 10 investors that Blockdata said were the biggest crypto investors are Alphabet, BlackRock, Morgan Stanley, Samsung, Goldman Sachs, BNY Mellon, PayPal, Microsoft, Commonwealth Bank and Prosus,” the article adds.

Various strategies can give investors exposure to the blockchain if they want it. They can take a backdoor by investing in the aforementioned tech companies that use blockchain, or they can take a more targeted approach by using exchange-traded funds (ETFs) that focus on the industry.

One such fund to consider is the Amplify transformational data sharing ETFs (BLOK B-)which presents an active management strategy that can adapt to market movements by placing assets in the hands of experienced portfolio managers.

With 50 entries as of August 12, BLOK adds diversified exposure and exposure to cryptocurrencies without investing in the currencies themselves. As mentioned, BLOK is actively managed, investing in joint ventures or investing directly in companies using and developing blockchain technology, which is the technology behind cryptocurrencies like bitcoin.

Summary of BLOK functionalities according to its product website:

  • Global equity portfolio of professionally selected companies involved in blockchain technology and indirect exposure to crypto.
  • Active management approach that could allow the fund to remain flexible, make timely decisions, and identify companies best positioned to take advantage of the developing blockchain technology space.
  • Convenience and transparency of ETFs structure.

For more news, insights and strategy, visit the Crypto Channel.

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