Jump to content

Digital Currency Group and User:CertifiedTurtle/sandbox/dcg: Difference between pages

Add links
From Wikipedia, the free encyclopedia
(Difference between pages)
Content deleted Content added
VisualWikitext
rm bogus <nowiki>, and date {{citation needed}}
 
 
Line 1: Line 1:
{{User sandbox}}
{{advert|date=September 2016}}
<!-- EDIT BELOW THIS LINE -->
'''Digital Currency Group''' ('''DCG''') is a [[venture capital]] company focusing on the [[digital currency]] market. It is located in [[New York City]].<ref>{{Cite news|url=https://www.wsj.com/articles/bitcoin-focused-investment-firm-brings-on-western-union-lawrence-summers-1461855562|title=Bitcoin-Focused Investment Firm Brings On Western Union, Lawrence Summers|last=Vigna|first=Paul|date=2016-04-28|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-05-10}}</ref>

{{Infobox company
| name = Digital Currency Group
| logo =
| type = [[Private Company|Private]]
| foundation = {{start date and age|October 27, 2015}}
| founder = Barry Silbert
| location = [[New York City]], New York<br>U.S.
| industry = [[Private equity]]
| products = [[Venture capital]]
| homepage = [https://dcg.co https://dcg.co]
}}

'''Digital Currency Group''' ('''DCG''') is a [[venture capital]] company that builds, buys, and invests in companies that are helping create a digital future. Founded in 2015, DCG has invested in more than 100 companies in the [[digital currency]] and [[blockchain]] industry, and is the single largest venture capital investor in the industry.<ref>{{cite web |title=Venture Capital Firms Go Wide and Deep with Blockchain Investment |url=https://diar.co/volume-2-issue-39/ |website=Diar |accessdate=29 March 2019 |date=1 October 2018}}</ref><ref>{{cite web |url=https://pitchbook.com/news/articles/the-top-10-vc-investors-in-blockchain |title=The top 10 VC investors in blockchain |author=Agar, Ian |newspaper=Pitchbook |date=27 February 2019 |access-date=29 March 2019}}</ref> It is located in New York City.<ref>{{Cite news|url=https://www.wsj.com/articles/bitcoin-focused-investment-firm-brings-on-western-union-lawrence-summers-1461855562|title=Bitcoin-Focused Investment Firm Brings On Western Union, Lawrence Summers|last=Vigna|first=Paul|date=28 April 2016|newspaper=Wall Street Journal|issn=0099-9660|access-date=10 May 2016}}</ref>



== History ==
== History ==
Digital Currency Group was launched in 2015 by Barry Silbert, who previously founded [[SecondMarket, Inc.]]. He began investing in bitcoin companies in 2013<ref name=firstbtc>{{cite web |last1=Primack |first1=Dan |title=First Bitcoin Investment Fund Launches |url=http://fortune.com/2013/09/26/first-bitcoin-investment-fund-launches/ |newspaper=Fortune Ledger |accessdate=29 March 2019 |date=23 September 2013}}</ref>, first as an [[angel investor]], and provided funding for many of the earliest digital currency companies including [[Coinbase]], [[BitPay]], and [[Ripple (company)|Ripple]]<ref name=ABhistory>{{cite web |last1=Eha |first1=Brian |title=From Toxic Assets to Digital Currency: Barry Silbert's Bold Bet |url=https://www.americanbanker.com/news/from-toxic-assets-to-digital-currency-barry-silberts-bold-bet |newspaper=American Banker |accessdate=29 March 2019 |language=en |date=23 February 2016}}</ref><ref>{{cite web |last1=Kim |first1=Tae |title=Digital Currency Group's Silbert buys more bitcoin |url=https://www.cnbc.com/2018/07/17/digital-currency-groups-silbert-buys-more-bitcoin.html |newspaper=CNBC |accessdate=29 March 2019 |language=en |date=18 July 2018}}</ref>.
{{Unreferenced section|date=October 2017}}
Digital Currency Group was launched in 2015 by [[Barry Silbert]], who previously founded [[SecondMarket, Inc.]]. He began investing in bitcoin companies in 2013, first as an [[angel investor]], and provided funding for many of the earliest companies including [[Coinbase]], [[BitPay]], and [[Ripple (company)|Ripple]].{{citation needed|date=January 2019}}


In 2015, Silbert sold SecondMarket to [[NASDAQ]]<ref>{{cite news |last1=Roof |first1=Katie |title=NASDAQ Acquires SecondMarket To Help Startups Sell Shares |url=https://techcrunch.com/2015/10/22/nasdaq-acquires-secondmarket-to-help-startups-sell-shares/ |accessdate=29 March 2019 |work=TechCrunch |date=22 October 2015}}</ref> to focus his attention on growing Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, a digital currency asset management firm that manages the publicly traded Bitcoin Investment Trust (symbol: GBTC).<ref name=ABhistory/> Shortly after SecondMarket’s sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company’s subsidiaries.<ref>{{cite news |last1=Tepper |first1=Fitz |title=Barry Silbert Launches Digital Currency Group With Funding From MasterCard, Others |url=https://techcrunch.com/2015/10/27/barry-silbert-launches-digital-currency-group-with-funding-from-mastercard-others/ |accessdate=18 April 2019 |work=TechCrunch |date=27 October 2015}}</ref> Digital Currency Group also served to consolidate Silbert’s investments in 57 other seed-stage companies in the cryptocurrency and blockchain industry.<ref>{{cite news |last1=Primack |first1=Dan |title=SecondMarket founder launches bitcoin conglomerate |url=http://fortune.com/2015/10/27/secondmarket-bitcoin-dcg/ |accessdate=29 March 2019 |work=Fortune |date=27 October 2015 |language=en}}</ref>
Digital Currency Group was formed when two businesses built under the [[SecondMarket, Inc.|SecondMarket]] parent company – Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, a digital currency asset management firm that manages the publicly traded Bitcoin Investment Trust (Symbol: GBTC) – were combined with seed investments founder Barry Silbert had made in the bitcoin and blockchain space.


In 2016 DCG partnered with [[Amazon Web Services]] to create a laboratory environment allowing companies to experiment with [[blockchain]] technologies.<ref>{{cite news | last = Coleman | first = Lester | title = Amazon Web Services Teams with DCG on Blockchain Endeavor | newspaper = CryptoCoinsNews | date = 4 May 2016 | url = https://www.ccn.com/amazon-web-services-teams-with-dcg-on-blockchain-endeavor/ | accessdate = 2018-04-25 }}</ref>
In 2016 DCG partnered with [[Amazon Web Services]] to create a laboratory environment allowing companies to experiment with [[blockchain]] technologies.<ref>{{cite news |last= Coleman |first= Lester |title= Amazon Web Services Teams with DCG on Blockchain Endeavor |newspaper= CryptoCoinsNews |date= 4 May 2016 |url=https://www.ccn.com/amazon-web-services-teams-with-dcg-on-blockchain-endeavor/ |access-date= 25 April 2018}}</ref>


== Subsidiaries ==
== Subsidiaries ==

⚫
=== Grayscale ===
=== Genesis Global Trading ===
⚫
Established in 2013, Grayscale is a digital currency investing firm. It manages the Bitcoin Investment Trust (BIT), provides titled, auditable bitcoin exposure through a traditional investment vehicle. BIT shares are the first publicly quoted securities solely invested in, and deriving value from, the price of bitcoin. The Trust trades under symbol: GBTC on the [[OTCQX]] market, and is only available to accredited investors.<ref>{{Cite web|url=https://www.cnbc.com/2015/04/01/public-trading-could-begin-next-week-for-bitcoin-investment-trust.html|title=For bitcoin, 'golden moment' or fool's gold?|last=Rosenfeld|first=Everett|date=2015-04-01|website=CNBC|access-date=2016-05-10}}</ref><ref>{{Cite news|url=https://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094|title=BIT Poised to Become Publicly Traded Bitcoin Fund|last=Casey|first=Michael J.|date=2015-03-01|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-05-10}}</ref>
Genesis Global Trading is an [[over-the-counter (finance) | over-the-counter trading]] service for digital currencies targeting institutions and high net worth individuals. First launched in 2013 as a service within SecondMarket’s trading desk, Genesis was rebranded in 2015 following the formation of Digital Currency Group.<ref>{{cite news |last1=Ngo |first1=Diana |title=First Licensed Digital Currency Broker-Dealer Genesis Trading Launches in the US |url=https://cointelegraph.com/news/first-licensed-digital-currency-broker-dealer-genesis-trading-launches-in-the-us |accessdate=17 April 2019 |work=Cointelegraph |date=17 April 2015 |language=en}}</ref> Genesis loaned out more than $1 billion worth of digital currencies in less than a year after opening its loan desk in March 2018.<ref>{{cite news |last1=Shi |first1=Madeline |title=The bitcoin market is in turmoil, but crypto lenders are thriving |url=https://www.businessinsider.com/genesis-lent-out-1-billion-in-crypto-loans-2019-1 |accessdate=17 April 2019 |work=Business Insider |date=30 January 2019}}</ref>

⚫
=== Grayscale Investments ===
Grayscale Investments is a digital currency [[asset manager]]. Grayscale's investment products are available to institutional and accredited individual investors through ongoing [[private placement | private placements]].<ref>{{cite news |last1=Rooney |first1=Kate |title=Crypto investment firm Grayscale rakes in $330 million this year |url=https://www.cnbc.com/2018/11/01/crypto-investment-firm-grayscale-rakes-in-330-million-this-year.html |accessdate=25 April 2019 |work=CNBC |date=1 November 2018 |language=en}}</ref> Grayscale’s single-asset investment products provide exposure to [[Bitcoin]], [[Bitcoin Cash]], [[Ethereum]], [[Ethereum Classic]], Horizen, [[Litecoin]], [[Stellar Lumens]], [[Ripple (payment protocol)|XRP]], and [[Zcash]]. Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization.<ref>{{cite news |last1=Roberts |first1=Daniel |title=Exclusive: Grayscale launches new 'Digital Large Cap Fund' tied to 5 top cryptocurrencies |url=https://finance.yahoo.com/news/exclusive-grayscale-launches-new-digital-large-cap-fund-tied-bitcoin-ether-ripple-litecoin-160507615.html |accessdate=25 April 2019 |work=Yahoo Finance |date=7 February 2018}}</ref>

⚫
Grayscale also manages the Grayscale Bitcoin Investment Trust (GBTC), which was the first publicly quoted securities solely invested in, and deriving value from, the price of bitcoin when it launched in 2013.<ref name="firstbtc" /> GBTC provides titled, auditable bitcoin exposure through a traditional investment vehicle. It trades under the symbol GBTC on the [[OTCQX]] market and is available to individual and institutional investors.<ref>{{Cite web|url=https://www.cnbc.com/2015/04/01/public-trading-could-begin-next-week-for-bitcoin-investment-trust.html|title=For bitcoin, 'golden moment' or fool's gold?|last=Rosenfeld|first=Everett|date=1 April 2015|website=CNBC |access-date=10 May 2016}}</ref><ref>{{Cite news|url=https://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094|title=BIT Poised to Become Publicly Traded Bitcoin Fund|last=Casey |first=Michael J.|date=1 March 2015 |newspaper=Wall Street Journal|issn=0099-9660|access-date=10 May 2016}}</ref>


=== [[CoinDesk]] ===
=== [[CoinDesk]] ===
CoinDesk is a global media, research, and events platform that was acquired<ref>{{Cite web|url=https://techcrunch.com/2016/01/13/coindesk-acquired-by-digital-currency-group/|title=CoinDesk Gets Acquired By Digital Currency Group|last=Matney|first=Lucas|website=TechCrunch|access-date=2016-05-10}}</ref> by Digital Currency Group in 2016. The company is best known for its coverage of blockchain’s daily news, Bitcoin Price Index and data tools, and its tutorials and research products, including the quarterly ''State of Bitcoin'' report. CoinDesk also hosts a conference on digital currencies and blockchain technologies titled ''Consensus'',<ref>{{Cite web|url=https://finance.yahoo.com/news/the-biggest-bitcoin-and-blockchain-news-announcements-at-consensus-conference-2016-chain-21-delaware-craig-wright-032242815.html|title=Here's the biggest bitcoin and blockchain news this week|website=Yahoo Finance|access-date=2016-05-10}}</ref> which was last held in May 2016 in New York City and hosted over 1,500 attendees.
CoinDesk is a global media, research, and events platform that was acquired by Digital Currency Group in 2016.<ref>{{Cite web|url=https://techcrunch.com/2016/01/13/coindesk-acquired-by-digital-currency-group/|title=CoinDesk Gets Acquired By Digital Currency Group|last=Matney|first=Lucas|website=TechCrunch|access-date=10 May 2016 |date=13 January 2016}}</ref> The company is best known for its coverage of blockchain’s daily news, Bitcoin Price Index and data tools, and its tutorials and research products, including the quarterly ''State of Bitcoin'' report. CoinDesk also hosts a conference on digital currencies and blockchain technologies titled ''Consensus'', <ref>{{cite news |last1=Roberts |first1=Daniel |title=The 5 biggest bitcoin and blockchain announcements at Consensus |url=https://finance.yahoo.com/news/the-biggest-bitcoin-and-blockchain-news-announcements-at-consensus-conference-2016-chain-21-delaware-craig-wright-032242815.html |accessdate=10 May 2016 |work=Yahoo Finance |date=4 May 2016}}</ref> which was last held in May 2018 in New York City and hosted approximately 8,500 attendees.<ref>{{cite news |last1=Rooney |first1=Kate |last2=Chang |first2=Evelyn |title=New York cryptocurrency conference triples in size, tracking for $17 million in ticket sales |url=https://www.cnbc.com/2018/05/14/new-york-cryptocurrency-conference-triples-in-size-tracking-for-17-million-in-ticket-sales.html |accessdate=25 April 2019 |work=CNBC |date=14 May 2018 |language=en}}</ref>


==See also==
==See also==

Revision as of 15:43, 7 May 2019

Digital Currency Group
Company typePrivate
IndustryPrivate equity
FoundedOctober 27, 2015; 8 years ago (October 27, 2015)
FounderBarry Silbert
HeadquartersNew York City, New York
U.S.
ProductsVenture capital
Websitehttps://dcg.co

Digital Currency Group (DCG) is a venture capital company that builds, buys, and invests in companies that are helping create a digital future. Founded in 2015, DCG has invested in more than 100 companies in the digital currency and blockchain industry, and is the single largest venture capital investor in the industry.[1][2] It is located in New York City.[3]


History

Digital Currency Group was launched in 2015 by Barry Silbert, who previously founded SecondMarket, Inc.. He began investing in bitcoin companies in 2013[4], first as an angel investor, and provided funding for many of the earliest digital currency companies including Coinbase, BitPay, and Ripple[5][6].

In 2015, Silbert sold SecondMarket to NASDAQ[7] to focus his attention on growing Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, a digital currency asset management firm that manages the publicly traded Bitcoin Investment Trust (symbol: GBTC).[5] Shortly after SecondMarket’s sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company’s subsidiaries.[8] Digital Currency Group also served to consolidate Silbert’s investments in 57 other seed-stage companies in the cryptocurrency and blockchain industry.[9]

In 2016 DCG partnered with Amazon Web Services to create a laboratory environment allowing companies to experiment with blockchain technologies.[10]

Subsidiaries

Genesis Global Trading

Genesis Global Trading is an over-the-counter trading service for digital currencies targeting institutions and high net worth individuals. First launched in 2013 as a service within SecondMarket’s trading desk, Genesis was rebranded in 2015 following the formation of Digital Currency Group.[11] Genesis loaned out more than $1 billion worth of digital currencies in less than a year after opening its loan desk in March 2018.[12]

Grayscale Investments

Grayscale Investments is a digital currency asset manager. Grayscale's investment products are available to institutional and accredited individual investors through ongoing private placements.[13] Grayscale’s single-asset investment products provide exposure to Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Horizen, Litecoin, Stellar Lumens, XRP, and Zcash. Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization.[14]

Grayscale also manages the Grayscale Bitcoin Investment Trust (GBTC), which was the first publicly quoted securities solely invested in, and deriving value from, the price of bitcoin when it launched in 2013.[4] GBTC provides titled, auditable bitcoin exposure through a traditional investment vehicle. It trades under the symbol GBTC on the OTCQX market and is available to individual and institutional investors.[15][16]

CoinDesk

CoinDesk is a global media, research, and events platform that was acquired by Digital Currency Group in 2016.[17] The company is best known for its coverage of blockchain’s daily news, Bitcoin Price Index and data tools, and its tutorials and research products, including the quarterly State of Bitcoin report. CoinDesk also hosts a conference on digital currencies and blockchain technologies titled Consensus, [18] which was last held in May 2018 in New York City and hosted approximately 8,500 attendees.[19]

See also

References

  1. ^ "Venture Capital Firms Go Wide and Deep with Blockchain Investment". Diar. 1 October 2018. Retrieved 29 March 2019.
  2. ^ Agar, Ian (27 February 2019). "The top 10 VC investors in blockchain". Pitchbook. Retrieved 29 March 2019.
  3. ^ Vigna, Paul (28 April 2016). "Bitcoin-Focused Investment Firm Brings On Western Union, Lawrence Summers". Wall Street Journal. ISSN 0099-9660. Retrieved 10 May 2016.
  4. ^ a b Primack, Dan (23 September 2013). "First Bitcoin Investment Fund Launches". Fortune Ledger. Retrieved 29 March 2019.
  5. ^ a b Eha, Brian (23 February 2016). "From Toxic Assets to Digital Currency: Barry Silbert's Bold Bet". American Banker. Retrieved 29 March 2019.
  6. ^ Kim, Tae (18 July 2018). "Digital Currency Group's Silbert buys more bitcoin". CNBC. Retrieved 29 March 2019.
  7. ^ Roof, Katie (22 October 2015). "NASDAQ Acquires SecondMarket To Help Startups Sell Shares". TechCrunch. Retrieved 29 March 2019.
  8. ^ Tepper, Fitz (27 October 2015). "Barry Silbert Launches Digital Currency Group With Funding From MasterCard, Others". TechCrunch. Retrieved 18 April 2019.
  9. ^ Primack, Dan (27 October 2015). "SecondMarket founder launches bitcoin conglomerate". Fortune. Retrieved 29 March 2019.
  10. ^ Coleman, Lester (4 May 2016). "Amazon Web Services Teams with DCG on Blockchain Endeavor". CryptoCoinsNews. Retrieved 25 April 2018.
  11. ^ Ngo, Diana (17 April 2015). "First Licensed Digital Currency Broker-Dealer Genesis Trading Launches in the US". Cointelegraph. Retrieved 17 April 2019.
  12. ^ Shi, Madeline (30 January 2019). "The bitcoin market is in turmoil, but crypto lenders are thriving". Business Insider. Retrieved 17 April 2019.
  13. ^ Rooney, Kate (1 November 2018). "Crypto investment firm Grayscale rakes in $330 million this year". CNBC. Retrieved 25 April 2019.
  14. ^ Roberts, Daniel (7 February 2018). "Exclusive: Grayscale launches new 'Digital Large Cap Fund' tied to 5 top cryptocurrencies". Yahoo Finance. Retrieved 25 April 2019.
  15. ^ Rosenfeld, Everett (1 April 2015). "For bitcoin, 'golden moment' or fool's gold?". CNBC. Retrieved 10 May 2016.
  16. ^ Casey, Michael J. (1 March 2015). "BIT Poised to Become Publicly Traded Bitcoin Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 10 May 2016.
  17. ^ Matney, Lucas (13 January 2016). "CoinDesk Gets Acquired By Digital Currency Group". TechCrunch. Retrieved 10 May 2016.
  18. ^ Roberts, Daniel (4 May 2016). "The 5 biggest bitcoin and blockchain announcements at Consensus". Yahoo Finance. Retrieved 10 May 2016.
  19. ^ Rooney, Kate; Chang, Evelyn (14 May 2018). "New York cryptocurrency conference triples in size, tracking for $17 million in ticket sales". CNBC. Retrieved 25 April 2019.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Digital_Currency_Group&oldid=895963662"