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Digital Currency Group Likely to Sell Assets to Pay Off $3 Billion Debt

Katie Lin

Summary: Digital Currency Group (DCG) is looking at selling some of its assets to help relieve its subsidary crypto lender Genesis of its $3 billion dollar debt, according to reports by the Financial Times. The venture capital company, which stopped withdrawals last year, is considering selling some of its venture-capital portfolio, which includes crypto exchanges such ...

Digital Currency Group (DCG) is looking at selling some of its assets to help relieve its subsidary crypto lender Genesis of its $3 billion dollar debt, according to reports by the Financial Times.

The venture capital company, which stopped withdrawals last year, is considering selling some of its venture-capital portfolio, which includes crypto exchanges such as Coinbase, Kraken, and Blockchain, and the now-bankrupt FTX.

DCG’s assets are illiquid, which means it may take some time to convert them into cash, according to the report.

Author: Katie Lin

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