Crypto conglomerate Digital Currency Group has raised over $700 million in a round led by two SoftBank funds, the Wall Street Journal reported earlier today.
Excited to welcome world-class investors @SoftBank @CapitalG @RibbitCapital Tribe, GIC, & Emory University aboard for the next stage of growth.https://t.co/qPQxCQqqRj
— Digital Currency Group (@DCGco) November 1, 2021
DCG, as it is known in crypto circles, has businesses spanning from crypto funds provider Grayscale, to crypto media outlet CoinDesk, to wallet service Luno—spanning nearly all major businesses in the niche crypto sector. It was founded in 2015 by Barry Silbert and took a little over five years to reach today’s $10 billion valuation.
“We’re the best proxy for investing in this industry,” Barry Sibert, founder, and CEO of Digital Currency Group, told CNBC in an interview. “We were looking for the type of backers that could be, and hopefully will be with, with us on this journey for the next couple
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