Institutional Investment in Crypto Grows as Digital Currency Group Secures New Funding

2021-11-2 22:22

DCG continues to flex its crypto muscles, as it channels more institutional investment into the crypto space.

Private firm DCG continues to make waves in the crypto space, procuring handsome investments as it stakes its claim to being one of the largest privately held companies in the digital asset space. It occupies the same ranks as Ripple, Kraken, and Circle, and is well on its way to $1B in revenue, according to Silbert. One of its famous subsidiaries, Grayscale Investments, is the world’s largest digital asset manager.

DCG makes it possible for digital asset speculation, without direct investment in the asset. They hold bitcoin and ether, amongst other digital assets. DCG itself has backed more than 200 blockchain companies. DCG owns prime brokerage and institutional lending firm Genesis and the news website Coindesk.

Institutional interest in digital assets

There has been significant institutional interest in the crypto space, with the likes of Visa, Mastercard, CitiGroup, Goldman Sachs, and JPMorgan Chase amongst the heavyweights to invest in the crypto space. Fidelity Digital Assets, a company dedicated to providing enterprise-grade digital asset solutions for traditional finance incumbents, estimates that 71% of institutional investors will be looking to buy digital assets in the future.

Fidelity Digital Assets released a 2021 report on institutional interest in digital assets in Asia, Europe, and the U.S. Asia leads the pack with 71% adoption. The president of the company, Tom Jessop, has said that bitcoin initially sparked institutional interest. Galaxy Investment Partners’ CEO Mike Novogratz believes that Know-Your-Customer rules could be a way to get more institutions on board, like that which was done in Thailand, for them to be more comfortable doing business with clients in the crypto space.

Long-term outlook for DCG

Softbank’s global footprint and CapitalG’s Google-led expertise in data and consumer companies make them valuable long-term partners for DCG. Mr. Laawe believes that DCG is a winning investment. Silbert believes that the protocols present more of a long-term impact than the assets themselves. Their investments showcase interest by venture capital funds looking to dip their toes in the crypto pool and get exposure to altcoins.

What do you think about this subject? Write to us and tell us!

The post Institutional Investment in Crypto Grows as Digital Currency Group Secures New Funding appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto investment institutional new funding group secures

Источник: beincrypto.com

crypto investment → Результатов: 126


Фото:

Retail crypto investment trends and attitudes – EndoTech key findings

EndoTech recently conducted a survey amid the ongoing crypto winter to evaluate the various crypto investment trends. The survey comes at the height of regulatory uncertainties and an elongated crypto winter against the backdrop of several well-publicized crypto failures of firms like Voyager which held a takeover auction in September, Three Arrows Capital, and Celsius.

2022-10-13 00:53


Huge Inflow into Crypto Investment Fund Despite Bear Market

Crypto investment fund Grayscale has revealed it received record-breaking inflows of money during the first six months of 2018 even though the price of Bitcoin crashed from $20,000 to $7,000. Crypto Fund Receives Strong Backing Grayscale Investments released their first Digital Asset Investment report, which showed a large influx of money into their crypto investment.

2018-7-19 22:00


Investment App Robinhood, Which Recently Opened Up Crypto Investing to Users, in Talks With US Officials to Obtain Banking License

According to sources obtained by Bloomberg. com, personal investment app start-up Robinhood (which allows crypto investments also) has begun discussions around obtaining a banking license from the US Office of the Comptroller of the Currency (OCC), which would allow the Menlo Park company to expand its offering to customers significantly.

2018-6-23 14:23


Crypto Hedge Fund Multicoin Valued at $75m After Fred Wilson’s VC Investment

Despite the recent decline of the cryptocurrency market, the promise of huge profits continues to lure investors to funnel some of their funds into these digital coins. Recently, the New York-based venture capital firm Union Square Ventures (USV) officially announced its investment in Multicoin Capital, which is a cryptocurrency hedge fund startup.

2018-6-22 21:43


Фото:

$20 billion worth of crypto investment waits for custody streamlining positive nod.

Regulation Rumor has it vaunted, long awaited institutional money, big investment in crypto is coming. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation Investment Whales Want Custody Assurance “There are a lot of investors where custodianship was the final barrier. This will unlock a big wave of capital,” hedge fund Multicoin

2018-6-22 07:13


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What’s Next for Crypto?

The approval of Bitcoin ETFs in January was a catalyzing event for crypto, says Gregory Mall, head of investment solutions at AMINA bank. How will the upcoming halving affect markets going forward and which projects are likely to win out over the long-term?