Mapping out Digital Currency Group’s Portfolio

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Take a look at the investor roster of major companies in the crypto space and you’ll notice a certain firm that frequently appears: Digital Currency Group (DCG). Founded by Barry Silbert in 2015, DCG was originally made up of two bitcoin businesses, Genesis Global Trading, a cryptocurrency OTC trading firm, and Grayscale Investments, a cryptocurrency asset management firm combined with a few of Silbert’s personal seed investments.

Since then, the DCG has made investments in multiple verticals in the crypto space. From exchanges to blockchain protocols to media companies, DCG has spread its influence into every crevice of the market. The end goal? As Silbert tells Reuters, in a 2017 profile, he “aspires to build DCG into a publicly traded conglomerate like Berkshire Hathaway Inc, run by legendary investor Warren Buffett.” The goal looks increasingly likely with each passing day as the firm continues to make investments in blockchain and crypto companies, some of which are deeply influential in shaping the crypto landscape.

The Block has mapped out Digital Currency Group’s portfolio of 100+ companies.

  • CoinDesk (DCG subsidiary) is a news site cover crypto assets and blockchain technology
  • Digital Assets Data developers enterprise-grade software and data feeds for crypto hedge funds and other market participants.
  • EtherScan is an Ethereum blockchain explorer and data provider
  • Flipside Crypto providers data for measuring cryptocurrency project health
  • Joystream is a digital content platform
  • Livepeer is a peer-to-peer platform for live video broadcasting and streaming
  • NICKL is a digital content subscription platform
  • Nomics is a crypto asset data company providing market data APIs
  • TradeBlock develops enterprise tools for blockchain assets
  • Tradewave ceased operations in March 2017
  • Yours is a crypto-backed social network
  • Abra operates an app for buying and selling cryptocurrencies
  • bitFlyer is a Japanese bitcoin exchange
  • BitOasis is a bitcoin exchanging serving the Middle East and North Africa
  • Bitso is a Mexican bitocin exchange and Ripple gateway
  • Bitwala is a platform for buying and selling bitcoin
  • BTCC was acquired in January 2018
  • Buda is a South American cryptocurrency exchange
  • Circle develops products for exchanging, storing, sending, and receiving cryptocurrencies
  • Coinbase is a cryptocurrency wallet and exchange platform
  • Coinhouse is a cryptocurrency excahnge
  • Coins is a Southeast Asian platform for buying, selling, sending, and spending cryptocurrencies
  • Coinsetter was acquired in January 2016
  • Crypto Facilities provides regulated cryptocurrency derivatives
  • ErisX is a crypto asset trading platform
  • Genesis Global Trading (DCG subsidiary) is a cryptocurrency OTC trading firm
  • Grayscale (DCG subsidiary) is a cryptocurrency asset management firm
  • itBit is a cryptocurrency exchange
  • Korbit was acquired in September 2017
  • Kraken is a cryptocurrency exchange and OTC trading platform
  • Luno is a cryptocurrency wallet provider and exchange
  • Melotic is developing cryptocurrency exchange
  • Omniex is a cryptocurrency investment and trading platform for institutions
  • Radar Relay is a non-custodial peer-to-peer cryptocurrency trading service
  • Safello is a bitcoin trading platform
  • SFOX is a cryptocurrency prime dealer for large-scale investors
  • ShapeShift is a cryptocurrency exchange
  • Unocoin is an Indian cryptocurrency exchange
  • BitPay is a bitcoin payment processor
  • BitPesa is a bitcoin remittance platform
  • ChangeTip was acquired in April 2016
  • Colu is a blockchain-based payments and rewards platform
  • Jiko is developing a digital bank
  • Logos is a blockchain-based payment rail
  • Money Button is a cryptocurrnecy payment button for websites and apps
  • POSaBIT is a cryptocurrency payment solution for the cannabis industry
  • Ripio is bitcoin payment platform for Latin Amercian businesses
  • Ripple is a cross-border payment platform
  • Silvergate is a banking platform
  • Streami is a cross-border remittance platform
  • Token is a banking service provider
  • Veem is a business to business payment platform
  • Wyre is an enterprise money transfer platform
  • Blockstream develops Bitcoin infrastructure and services
  • Colbalt develops back and middle office infrastructure based on blockchain technology for FX markets
  • Elemential enables businesses to deploy and developer blockchain networks
  • Enimga is developing a privacy layer for building dApps
  • Lightning Labs develops scaling protocols for blockchains
  • Nivaura developers end-to-end automation infrastructure for securities
  • Parity developers Ethereum infrastructure and services
  • Protocol Labs build protocols, systems, and tools for storing and transferring data
  • Terminal is a platform for managing Web 3 protocols and dApps
  • OpenZeppelin develops and implements smart contracts for various industries
  • Carbon is a stablecoin
  • Zcash is a privacy coin
  • Ethereum Classic is a token for a smart contract platform
  • Horizen is a privacy coin
  • Reserve is a stablecoin
  • Rootstock Infrastructure Framework (RIF) is the token behind the Rootstock sidechain
  • Bitcoin is the first consensus-based, censorship-resistant, peer-to-peer cryptocurrency
  • Filecoin is a token for decentralized data storage
  • Lucid Sight is a blockchain gaming studio
  • Decent is a blockchain healthcare platform
  • Stratumn is a process verification service
  • Mifiel enables businesses to sign legal contracts using blockchain technology
  • BTCJAM ceased operations in May 2017
  • HashPlex is a cryptocurrency mining service
  • 21 Inc (a.k.a EARN) was acquired in April 2018
  • Gem is a crypto portfolio tracker
  • Jackpocket is a mobile app for playing state lotteries using cryptocurrencies
  • BitGo is a cryptocurrency custody provider
  • Blockchain a cryptocurrency custody provider
  • CoinJar a cryptocurrency custody provider
  • Ledger a cryptocurrency custody provider
  • Vault a cryptocurrency custody provider
  • Xapo a cryptocurrency custody provider
  • Filament is a decentralized IoT platform
  • Hijro connects banks, buyers, and suppliers across one network designed to streamline and automate settlement
  • Provenance enables businesses to track products across their supply chain lifecycle
  • Skuchain develops smart contracts that govern trade agreement from order, shipment and invoice to final payment
  • Chainalysis developers tools and services to prevent, detect, and investigate cryptocurrency money laundering, fraud, and compliance violations
  • Elliptic identifies illicit activity on blockchain networks and provides actionable intelligence to companies, financial institutions, and government agencies
  • Norbloc builds regulatory applications for blockchains
  • Axoni develops enterprise blockchain solutions
  • BigchainDB develops enterprise blockchain solutions
  • Bloq develops enterprise blockchain solutions
  • Chain develops enterprise blockchain solutions
  • Hedera Hashgraph is a public blockchain protocol for enterprises
  • Boost VC is a pre-seed venture fund
  • Coinlist is a platform for running compliant token sales
  • Layer1 is a cryptocurrency investment firm
  • Bitmark is property rights management platform
  • Blokur is a digital rights management platform
  • Custos Media Technologies digital rights management platform
  • Mediachain Labs was acquired in April 2017
  • Revelator is a platform for payments and copyright management
  • Dapper Labs develops non-fungible crypto assets
  • Decentraland is decentralized virtual reality platform
  • Tierion is data verification platform
  • DIRT Protocol is a protocol for trusted data
  • Ocean Protocol is a decentralized data exchange
  • BitPremier ceased operations in September 2017
  • Gyft was acquired in July 2014
  • OB1 develops OpenBazaar a decentralized e-commerce platform
  • Purse is a bitcoin marketplace
  • Cognitio is an identity verification platform
  • MONI provides mobile banking tools and credits
  • Averon is a mobile identity platform
  • Pluris provides valuation advisory services to institutions
  • Sonia is an AI virtual assistant
  • Artie enables businesses to deploy interactive avatars
  • Bold (a.k.a VELO) was acquired in March 2014

The post Mapping out Digital Currency Group’s Portfolio appeared first on The Block.


Mapping out Digital Currency Group’s Portfolio written by Steven Zheng @ https://www.theblockcrypto.com/2019/01/30/mapping-out-digital-currency-groups-portfolio/ January 31, 2019 Steven Zheng

 

More info on DCG:

DCG is a financial services holding company with over seventy companies in more than twenty countries. Its investments include more than one hundred bitcoin companies, cryptocurrency exchanges, and fintech firms. The holding company has received investments from several leading corporations in the industry, including Genesis, Grayscale, and CME Group. Its portfolio includes such companies as CoinDesk, Genesis, and Luno. It also owns many other crypto businesses, including Ripple, Veem, and eToro.

In the recent survey, over 30% of its portfolio companies chose the payment option, which led to the advent of the “crypto winter”. This period was a time of sharp price drops, but the market recovered. The companies’ executives believe that this is a final validation of the value of cryptocurrencies. They anticipate a 35% increase in head count by 2020. However, the company has not disclosed its investment policy for a variety of reasons.

Today, DCG is one of the world’s most influential asset management companies. It owns a large portfolio of 57 digital currency companies and supports the development of distributed ledger networks. Its holdings include Bitcoin Trust and SecondMarket, two of the most popular publicized bitcoin investments. A full-service institutional trading firm, Genesis Trading provides daily liquidity for buyers and sellers. In addition to being a strategic investor in the cryptospace, DCG also invests in traditional securities.

Besides its portfolio, the dcg website features several articles and videos. The company’s newsletters and podcasts have a high number of subscribers. In addition, it has a video and web team, and it has a large number of social media accounts. In addition, it also features several podcasts and webinars. The Digital Currency Group has a research arm that invests in 174 crypto and blockchain companies in 30 countries.

The company’s portfolio comprises the four primary lines of business: the news and finance, the asset management, and the trading. Its social media, and its asset management. In addition, the digital currency group offers news and content related to cryptocurrency. The publication is the largest investor in the world. If you want to learn more about these businesses, visit dcg. This article contains information on the four key areas of the dcg’s business.

The dcg portfolio is made up of more than eighty countries. The company owns Genesis Global Trading, CoinDesk, and Grayscale Investments. It also invests in more than 200 blockchain companies. These companies are all owned by the same parent company. In addition, it has its own subsidiary, Luno. dcg is a highly diversified cryptocurrency holding. The dcg’s investments have a global reach and a global presence.

The DCG is the holding company for Barry Silbert’s blockchain investments. He founded the holding company in 2015 and now owns a number of other companies that are related to digital currencies. The group is the largest private investor in the industry. There are over two hundred dcg subsidiaries and has a portfolio of over forty five. The dcg is the first cryptocurrency to gain mass appeal. It is a leading investment in the sector, and its portfolio has a strong focus on the digital currency space.

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