Softbank's investments in Blockchain, NFTs, crypto and metaverse

In a recent webcast hosted by Eurasia Group, Paulo Passoni, Managing Director of Latin America at SoftBank stated that Softbank is investing 10 percent of the company's $5 billion funds in crypto-related assets. But this is not all that SoftBank has invested in, the SoftBank vision Fund has invested in Blockchain, NFTs, crypto exchanges and even the Metaverse.

According to Passoni, the most attractive place to invest in Latin America is cryptocurrencies. He stated, “Of course there’s some froth, of course not all tokens are worth what the market is saying, I do believe it’s the most relevant thing going on around the globe right now.” This statement comes after SoftBank recently invested 200 million USD in Mercado Bitcoin crypto exchange part of 2TM Group.

“There’s an old saying in investing: follow the talent — and the most talented people around the globe are going into crypto-related projects,” Passoni added. I’d say we’re running a crypto school for our team here because we sense that there’s a big discrepancy in knowledge even within our team.”

So far SoftBank has invested into a number of either Blockchain or crypto relatedentities, including Blockdeamon which is building an infrastructure to power the blockchain economy, The Digital currency group which is known to invest in digital assets and blockchain companies as well as Elliptic which is aiming to make crypto safer for financial entities and companies.