Alphabet’s (GOOGL) Google has emerged as one of the corporate active backers of blockchain startups in recent years, according to a report by CB Insights. The report states that corporations have participated in more than 140 equity investments totaling roughly $1.2 billion in the blockchain sector since 2012.

Japan-based (EWJ) venture capital firm SBI Holdings tops the list of the most active blockchain investors, with investments in eight blockchain startups. SBI Holdings’ blockchain investments include cryptocurrency exchanges Kraken and Ripple.