Digital Currency Group
|Digital Currency Group|
|Headquarters||New York City, New York|
|Key People||Barry Silbert, Founder and CEO; Mark Murphy, COO; Lawrence Summers, Advisor|
|Products||Blockchain investment firm|
Founded in 2015 to invest in blockchain enterprises by Barry Silbert, Digital Currency Group boasts a long list of investments in its portfolio. It is the parent company of Grayscale Investments, Genesis Trading, CoinDesk, an online digital asset-focused news service, and Foundry.
The first three subsidiaries had become leading enterprises in their respective industries by 2020. Foundry, a bitcoin mining venture, was first established in the summer of 2020.
DCG was established as a company, rather than as an investment fund. It was built on the cryptocurrency trading operations of SecondMarket that were spun out of the company before SecondMarket founder and CEO Silbert's trading platform was sold to Nasdaq. Early investors in DGC included Bain Capital Ventures, Transamerica Ventures, FirstMark Capital, MasterCard, and New York Life.