What does DCG stand for?

Digital Currency Group ( DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk .

Who owns Digital Currency Group (DCG)?

Silbert went on to launch Digital Currency Group in New York in 2015, later moving the firm to Connecticut. As crypto markets soared in value, DCG raised money from the venture capital arm of Bain Capital, MasterCard, New York Life Insurance Company, and Canadian bank CIBC.

Is DCG 'operating as usual'?

In a note to DCG shareholders, Silbert addressed all the “noise” surrounding the company, indicating that most of its entities are “operating as usual.” The trading unit Genesis has encountered problems on the lending side due to “market turmoil,” Silbert wrote.

What happened to DCG HQ?

At the time, DCG had closed HQ, its wealth management unit. With Barry Silbert remaining CEO, in July 2023, DCG appointed Mark Shifke as its CFO.