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Barry Silbert’s DCG Raises Funds from Mastercard, Bain, New York Life, CIBC

Famed bitcoin enterprises investor Barry Silbert has pulled in funds for his Digital Currency Group from fourteen investors.

DCG is a holding company developing the largest venture capital portfolio in the Bitcoin ecosystem and blockchain technology.

In addition to first time Bitcoin sector investors Bain Capital, CIBC, Mastercard, New York Life, Silbert also closed deals with FirstMark Capital, Novel TMT, Oak HC/FT, RRE Ventures, Solon Mack Capital and Transamerica Ventures.

Silbert made the announcement at the Money 20/20 Hackathon event in Las Vegas today.

DCG has made investments in the biggest bitcoin players, including Coinbase, BitPay, Circle, itBit, Xapo and Coinsetter. The investment firm has a versatile portofolio that includes, to name a few, Blockchain 2.0 DApps like Ascribe, Blockscore, Changetip, Filament and Smart Contract Solutions; finance and developer tools like BitGo, BitPay, Colu, Graysale, Ripple; and exchanges like Coinsetter, Itbit, Korbit, Kraken and ShapeShift.

Silbert sold his SecondMarket Solutions to Nasdaq last week for $10 million. SecondMarket is a platform for trading stock of private companies, which will give Nasdaq access to the pre-IPO companies market.

Journalist, policy analyst, and evangelist of new, disruptive technologies including big data analytics, Internet of Things, and cryptocurrencies. Internet industry veteran with regional c-suite experience, and journalist credentials earned at, Internet World magazine, and Mecklermedia Corporation.
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