Digital Currency Group, a leading investor in bitcoin and blockchain technology companies, is relocating its headquarters from New York City to Stamford, Connecticut. The project is expected to create more than 300 jobs over the next five years.
Earlier this year, the company signed a lease to locate its more than 90,000 square foot facility in the Shippan Landing complex located at 290 Harbor Drive. The space is currently being renovated and the company expects to occupy its new headquarters in late 2022.
“It quickly became clear that Connecticut had everything we were looking for in a new headquarters,” said DCG Founder Barry Silbert. “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.
The Connecticut Department of Economic and Community Development 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.
“Cryptocurrencies like bitcoin are the new frontier for financial investing, and DCG is at the forefront of this burgeoning sector,” Peter Denious, president and CEO of AdvanceCT said. “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.”
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 and is the parent company of seven wholly-owned subsidiaries that have emerged as digital asset leaders.