Digital Currency Group Relocating Headquarters To Stamford

STAMFORD, CT — Digital Currency Group (DCG), a leading investor in bitcoin and blockchain technology companies, will relocate its headquarters from New York City to Stamford, according to an announcement from Gov. Ned Lamont Monday morning.

Earlier this year, DCG signed a lease in the Shippan Landing complex located at 290 Harbor Drive in Stamford. The building is currently being renovated, and DCG expects to move in by late 2022, Lamont's announcement said.

A number of subsidiary companies under the umbrella of DCG will also move into the 90,000 square foot space. The move is expected to bring 300 jobs to Connecticut, Lamont said.

The Connecticut Department of Economic and Community Development (DECD) is supporting the project by providing a grant in arrears up to $5,011,800, contingent on the company creating and retaining more than 300 new full-time jobs.

"Attracting new investment and job creation opportunities to Connecticut is a top priority for our administration and today’s announcement is another indication that we are seeing results," Lamont said in a news release. "Digital Currency Group’s decision to relocate their headquarters here is the latest example of how Connecticut is the ideal location for leading-edge companies that are focused on business growth."

DCG was founded in 2015 by Barry Silbert, who serves as the company's CEO.

DCG is a global investment company that has invested in more than 200 blockchain companies. It's the parent company of seven wholly-owned subsidiaries that have emerged as digital asset leaders.

Several of those subsidiaries, including Grayscale Investments, the world's largest digital currency asset manager, are also relocating to Connecticut, according to Lamont's announcement.

Institutional trading platform TradeBlock, as well as DCG Real Estate and DCG’s new wealth management business HQ, will also call Stamford home.

"It quickly became clear that Connecticut had everything we were looking for in a new headquarters," Silbert said in a news release.

“Its proximity to major metropolitan areas combined with its infrastructure, talent, business-friendly environment, and world-class facilities to house our rapidly-growing organization made it an easy choice. We are committed to making our new home in Stamford a hub for the next generation of fintech and blockchain entrepreneurs," Silbert added.

DCG decided on Connecticut after evaluating sites in New Jersey and New York.

"Cryptocurrencies like bitcoin are the new frontier for financial investing, and DCG is at the forefront of this burgeoning sector," DECD Commissioner David Lehman and Peter Denious, president and CEO of the nonprofit organization AdvanceCT, said in a news release. "Connecticut is a great fit for dynamic investment firms like DCG that are disrupting the marketplace and showing great growth potential over the long-term."