Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in New York City. ^[1]

History

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 — providing funding for many of the earliest companies including Coinbase, BitPay, and Ripple. ^[1]

In 2015, Silbert sold SecondMarket to NASDAQ.  Shortly after SecondMarket’s sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company’s subsidiaries.

Subsidiaries

Grayscale

Established in 2013, Grayscale is a digital currency investing firm. 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.  The Trust trades under symbol: GBTC on the OTCQX market, and is only available to accredited investors. ^[2]

CoinDesk

CoinDesk is a global media, research, and events platform that was acquired 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,  which was last held in May 2018 in New York City and hosted approximately 8,500 attendees. ^[3]