GIC, Google and SoftBank take stake in DCG

Digital Currency Group (DCG) has received more than US$700 million from investors such as GIC, Google’s Capital G and SoftBank, bringing its value to US$10 billion.

The parent company of several digital asset players itself has invested in more than 200 blockchain companies in over 30 countries around the world. It expects revenue to exceed $1 billion in 2021.

In its portfolio are CoinDesk, a financial media, data, index, and events company; Foundry, one of the most successful bitcoin mining and digital asset staking companies in North America; Genesis, a full-service digital currency prime brokerage; Grayscale Investments, the world’s largest digital currency asset manager with more than US$50 billion in assets; Luno, a consumer-focused digital asset platform; and TradeBlock, an institutional-grade data and trading platform.

DCG is expanding seed stage investing into new and emerging geographies and will continue to look for opportunities through new increased investments in digital tokens and other digital assets.