Digital Currency Group

Digital Currency Group (DCG) is a corporate venture capital firm based in Stamford, Connecticut, founded in 2015. The company focuses on building and supporting businesses within the bitcoin and blockchain sectors by providing insights, networking opportunities, and access to capital. With over 150 investments across more than 30 countries, DCG primarily targets companies involved in financial technology, web3 infrastructure, decentralized finance, and related fields. In addition to its investment activities, DCG owns and operates several key entities in the digital currency ecosystem, including CoinDesk, a leading media and events platform, Genesis Trading, a prominent bitcoin brokerage firm, and Grayscale Investments, the largest asset management firm specializing in digital currencies.

Colette Oliver

Vice President, Meetings and Events

Past deals in Smart Contracts

Ligero

Seed Round in 2025
Ligero, Inc. specializes in developing a privacy platform that facilitates secure and private collaboration on and off blockchain technology. Incorporated in 2018 and based in Pittsford, New York, the company offers a lightweight and scalable protocol for secure multiparty computation and zero-knowledge proofs. This enables clients to engage in confidential transactions, implement private smart contracts, and conduct secure auctions for decentralized exchanges and dark pools. Additionally, Ligero supports private and verifiable machine learning, enhancing the capabilities of its platform for various applications in the blockchain ecosystem.

FLock.io

Venture Round in 2024
FLock enables decentralised and privacy-preserving machine learning, coordinated by smart contracts We work to make user data collection obsolete, and widespread governance participation guaranteed by code we propose to use distributed ledger technology (DLT) to achieve FLock, a secure and reliable decentralized {F}ederated {L}earning system built on B{lock}chain. Or, in plain words, we build TensorFlow Federated (TFF) for Web 3.0

Barter

Seed Round in 2024
Barter enables decentralized applications by ensuring efficient transaction routing and optimization.

Spire

Seed Round in 2024
Spire a zk appchain system with atomic adaptability.

dvts.network

Series A in 2024
dvts.network is an ethereum liquidity staking protocol that reduces the initial capital requirements for ethereum validators.

Polymer Labs

Series A in 2024
Polymer Labs is building the fabric of web3. We're working on an IBC based multi-cluster routing/roll-up protocol providing E2E IBC connectivity across ecosystems.

Neutral Exchange

Pre Seed Round in 2023
Neutral is an exchange for environmental assets. We combine tokenized carbon credits, renewable energy credits, and carbon forwards with specialized market infrastructure to deliver efficiency, transparency, and trust in environmental asset markets.

AlloyX

Pre Seed Round in 2023
AlloyX is a developer of a decentralized crypto loan protocol that facilitates liquid staking for crypto loans. The company offers a platform designed to simplify and enhance the investment process for protocols, decentralized autonomous organizations (DAOs), and institutional investors. AlloyX enables lenders to create diversified investment strategies focused on real-world assets (RWA) by integrating with leading credit protocols. This platform allows users to manage their RWA investments in alignment with their specific yield, risk, and liquidity preferences, making it a flexible and efficient solution for asset management.

Volare Finance

Seed Round in 2022
Volare Finance specializes in decentralized finance, offering innovative trading tools specifically designed for exotic options. The company's platform enables users to engage in transparent and trustless option trading without the need for intermediaries. By providing a decentralized mechanism, Volare Finance allows investors to create standard or customized option strategy portfolios, facilitating hedging, speculation, and yield enhancement. This approach effectively addresses credit risk issues commonly associated with options trading, making it a valuable resource for investors seeking to navigate the complexities of the options market.

Arch

Seed Round in 2022
Arch is a decentralized finance (DeFi) asset manager that facilitates exposure to cryptocurrencies and digital assets for passive investors.

Kwil

Seed Round in 2022
Kwil is a decentralized, community-owned SQL database solution for building advanced dApps and protocols. Kwil brings together the robust capabilities of existing databases with the permissionless nature of blockchains, extending the promises of Web3 to more intricate, data-intensive applications. Kwil provides the infrastructure to power data storage and retrieval for the next generation of Web3-enabled applications.

Halborn

Series A in 2022
Halborn is a cybersecurity company focused on safeguarding blockchain organizations from cyber threats. It offers a comprehensive platform that includes a range of products and services aimed at identifying and mitigating vulnerabilities in Web3 applications. These services encompass advanced penetration testing, security advisory, DevSecOps, automation, and smart contract audits. By serving as a third-party partner, Halborn continuously assesses critical assets and facilitates maximum automation, providing expert consulting and execution throughout the security process. The company is dedicated to helping clients protect their data and financial resources against potential cyber attacks.

Gnosis

Venture Round in 2022
In late 2020, Gnosis announced plans to fully decentralize into a DAO (Decentralized Autonomous Organization). Today, the GnosisDAO treasury has effective control of over 150K ETH and 8 Million GNO tokens, with the GNO tokens vested over 8 years. A year later, in 2021, the xDAI and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner companion that addresses scaling issues through solid engineering. Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai token and includes a wide-ranging group of projects and users. The Gnosis mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem. Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success is demonstrated by the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.

Elwood Technologies

Series A in 2022
Elwood Technologies is a prominent fintech firm that specializes in digital asset trading and portfolio management software tailored for institutional clients. The company offers a comprehensive platform that connects users to global crypto exchanges, liquidity providers, custodians, and fund administrators. With a focus on advanced execution management, portfolio analytics, and risk management, Elwood's solutions are designed to enable financial institutions, neobanks, and corporations to navigate the complexities of the digital asset market effectively. Founded by experts with extensive backgrounds in both traditional finance and digital technology, Elwood aims to deliver secure and efficient tools that enhance clients' ability to engage with digital assets.

SSV Network

Venture Round in 2022
SSV Network develops a distributed validator technology designed for ETH staking.

Hubble Protocol

Venture Round in 2022
Hubble Protocol is a decentralized financial platform that facilitates long-term borrowing, lending, and the creation of structured financial products. It aims to democratize access to decentralized finance by offering a range of sustainable financial services. The protocol's software supports multi-asset collateral and enables zero-interest borrowing, allowing users to leverage yield-bearing assets for loans. Additionally, Hubble enhances yield generation on deposits of various tokens, providing clients with optimized financial opportunities while minimizing costs associated with loans.

World

Venture Round in 2021
World is a company that connects users through a privacy-focused network designed for secure digital asset management. It offers a digital currency platform that emphasizes both privacy and transparency using a permissionless blockchain. The World App enables users to securely store their World ID, manage digital assets, and access various Mini Apps, promoting global connectivity and trust. Additionally, World provides an iris-scanning device that enhances digital identity security by storing biometric information, which helps discourage spammers from creating multiple accounts. This combination of secure identity management and digital currency aims to facilitate a reliable and user-friendly digital environment.

Arcana Network

Venture Round in 2021
Arcana is the Decentralized Storage Layer for Ethereum and EVM chains, with a Privacy Stack for Authentication, Identity and Access Control, Key Management, and End-to-End to encryption. With Arcana's Privacy stack, developers can build secure and privacy-preserving apps.

BitOasis

Series B in 2021
BitOasis is a cryptocurrency trading platform established in 2015 by co-founders Ola Doudin and Daniel Robenek. It provides a digital asset wallet and an exchange for buying, selling, and trading cryptocurrencies, with a particular focus on cash-based emerging markets. The platform emphasizes security through its multi-signature wallet and aims to create a secure and regulated environment for both retail and institutional clients. By developing a comprehensive infrastructure for cryptocurrency trading, BitOasis enables investors to manage their assets safely and effectively.

Taker Protocol

Seed Round in 2021
Taker Protocol is a cryptocurrency liquidity protocol focused on non-fungible tokens (NFTs). The protocol optimizes the liquidation of NFT assets through a quote-by-lock-in pricing mechanism. This approach enables asset holders to borrow stablecoins while facilitating cross-chain bridges that connect different public blockchain networks. By enhancing the efficiency of asset transfers, Taker Protocol aims to broaden application scenarios for its clients, thereby improving the overall liquidity and usability of NFT assets in the market.

Visor Finance

Seed Round in 2021
Visor Finance operates a decentralized platform that focuses on active liquidity management within the decentralized finance sector. Its platform enables users to leverage smart vaults for liquidity mining and asset management across various decentralized finance protocols and exchanges. By facilitating the implementation of strategies for reinvesting fees and distributing protocol revenue, Visor Finance aims to help users maximize their returns while minimizing the risks associated with impermanent loss. This innovative approach positions Visor Finance as a key player in enhancing user engagement and profitability in the rapidly evolving DeFi landscape.

Lido

Venture Round in 2021
Lido is a developer of an open-source liquid staking platform that enhances the Ethereum network's block validation capabilities. The platform addresses challenges related to initial cryptocurrency staking by allowing users to stake their assets and receive synthetic native tokens of equivalent value. These tokens can be utilized across various decentralized finance applications, enabling users to earn yield while maintaining liquidity. Lido's middleware operates on the Ethereum blockchain, ensuring perpetual access through multiple interfaces and channels.

Eco

Series A in 2021
Eco is a financial technology company that focuses on enhancing the value of money through innovative software solutions. As a founding contributor to the Eco Protocol, it aims to reshape traditional banking and reward systems. The company has developed Bend, a platform that seeks to improve users' financial experiences by maximizing the utility and effectiveness of their money. Eco's mission centers on empowering individuals to expect more from their financial transactions, ultimately striving to redefine the relationship between people and their money.

Zerion

Venture Round in 2021
Zerion Inc. is a blockchain software company that provides a platform for accessing decentralized finance (DeFi) to invest, earn interest, and borrow crypto assets. Founded in 2015 and based in San Francisco, Zerion offers an application that allows users to manage their DeFi portfolios across multiple accounts from a single interface, with features such as real-time asset tracking and instant notifications. The platform aggregates data from major decentralized exchanges, enabling users to manage their digital assets easily and securely. As a non-custodial service, Zerion ensures that users retain control of their funds, reducing risks associated with centralization. Additionally, the company provides tools for tracking the crypto market through charts and alerts, supporting users in navigating the evolving landscape of digital finance.

API3

Seed Round in 2020
API3 is focused on developing a decentralized API infrastructure that connects blockchain applications with off-chain data providers. The company's platform addresses the API connectivity challenge by utilizing decentralized APIs, which are composed of first-party oracles. This approach allows data providers to operate as their own blockchain oracles, eliminating the need for third-party intermediaries. By aggregating data from reputable API providers through its innovative dAPI framework, API3 enables the creation of decentralized applications that utilize secure, quantifiable data feeds. This infrastructure empowers developers to effectively integrate real-world data into blockchain solutions, enhancing the functionality and reliability of decentralized applications.

The Graph

Venture Round in 2020
The Graph is an indexing protocol designed for querying data from blockchain networks such as Ethereum and IPFS, facilitating the development of decentralized applications (dApps). Developers can create and publish open APIs, known as subgraphs, which can be queried using GraphQL to access blockchain data. Currently, The Graph supports data indexing from Ethereum, IPFS, and POA, with plans to incorporate additional networks. It offers a hosted service to assist developers in building on the platform, while a decentralized network is set to launch soon. As of late 2020, over 3,000 subgraphs had been deployed by thousands of developers for various dApps, including Uniswap, Synthetix, and Decentraland. The Graph has experienced significant growth, with its usage increasing substantially month over month. To support its development, The Graph has raised funding from a broad range of community members and venture capitalists, totaling around $25 million.

Bloq

Venture Round in 2020
Bloq, Inc. specializes in developing enterprise software solutions focused on blockchain technology. Founded in 2015 and headquartered in Chicago, the company offers BloqEnterprise, a robust blockchain infrastructure that allows users to create, customize, and manage private, public, and permissioned blockchain networks. Additionally, Bloq provides BloqCloud, a blockchain management system, and BloqLabs, which focuses on the tokenization of assets. The company also features Metronome, a cross-blockchain cryptocurrency, and operates a digital currency wallet that offers various cryptocurrency services. With a team of experienced blockchain developers and entrepreneurs, Bloq aims to empower global enterprises by enabling them to build, manage, and scale blockchain-enabled ecosystems with comprehensive support.

CoinFLEX

Venture Round in 2019
CoinFLEX is a cryptocurrency derivatives exchange and yield platform that offers innovative trading solutions for crypto assets. It features a physically delivered crypto futures exchange designed to address the challenges associated with cash-settled futures contracts, allowing for high leverage opportunities without risks related to index or settlement manipulation. The platform aims to simplify and secure the trading processes for professional proprietary trading firms, hedge funds, and institutional investors in the cryptocurrency sector. Among its unique offerings are flexUSD, the first interest-earning stablecoin, and AMM+, a capital-efficient automated market maker. CoinFLEX is supported by prominent figures and investment firms in the crypto industry.

CoinFLEX

Seed Round in 2019
CoinFLEX is a cryptocurrency derivatives exchange and yield platform that offers innovative trading solutions for crypto assets. It features a physically delivered crypto futures exchange designed to address the challenges associated with cash-settled futures contracts, allowing for high leverage opportunities without risks related to index or settlement manipulation. The platform aims to simplify and secure the trading processes for professional proprietary trading firms, hedge funds, and institutional investors in the cryptocurrency sector. Among its unique offerings are flexUSD, the first interest-earning stablecoin, and AMM+, a capital-efficient automated market maker. CoinFLEX is supported by prominent figures and investment firms in the crypto industry.

Parity Technologies

Venture Round in 2018
Parity Technologies Limited is a blockchain infrastructure company based in London, United Kingdom, established in 2015. It specializes in open-source software development, focusing on creating platforms and applications that leverage blockchain technology. Parity's offerings include a user-friendly Ethereum wallet and decentralized application environment, which facilitate secure interactions with the Ethereum blockchain. The company employs advanced cryptography and peer-to-peer technology, aiming to provide businesses and organizations with reliable and efficient software solutions.

Elemential

Seed Round in 2018
Elemential is a developer of a blockchain administration platform aimed at assisting developers in managing customized blockchain networks. The platform provides essential building blocks and management tools for creating blockchain applications, enabling clients to enhance the protection and security of user identity and consent. By offering an open and accessible development environment, Elemential supports future generations of blockchain innovators in designing, running, and scaling networks with significantly reduced overhead.

CoinList

Series A in 2018
CoinList is a leading platform in the digital finance sector, focused on facilitating the launch and growth of innovative digital assets. The company provides a comprehensive token distribution service that connects blockchain projects with potential investors prior to their asset listings on other exchanges. CoinList supports various stages of crypto investment, including token sales, distribution, trading, lending, staking, and access to decentralized finance opportunities. Users can trade and store a wide range of cryptocurrencies, including Bitcoin and Ether, through its mobile app and website, CoinList.co. The platform caters to a diverse clientele, including validators, miners, founders, CEOs, and crypto enthusiasts, ensuring they have access to new tokens and crypto-specific services. CoinList's mission is to be the most trusted brand in digital finance while expanding access for early adopters and fostering innovation within the cryptocurrency ecosystem.

Lightning Labs

Seed Round in 2018
Lightning Labs is focused on creating advanced decentralized financial infrastructure utilizing blockchain technology and smart contracts. The company has developed the Lightning Network Daemon (lnd), which serves as a leading implementation of the Lightning Network protocol, allowing for efficient and private transactions. Additionally, Lightning Labs offers Neutrino, an open platform that enables users to conduct blockchain and Lightning Network transactions easily via mobile devices. By enhancing the capabilities of cryptocurrency transactions, Lightning Labs aims to facilitate financial cooperation globally, making transactions accessible and efficient for users of all sizes.

Hedera Hashgraph

Venture Round in 2018
Hedera Hashgraph, LLC, founded in 2017 and based in Richardson, Texas, operates a decentralized public network designed for transactions, gaming, and social interactions. The company provides a distributed public ledger that allows developers to create globally decentralized applications with enhanced security and speed. Additionally, Hedera Hashgraph offers software solutions for storing historical data from its public ledger, facilitating transparency and reliability in application development.

BitOasis

Venture Round in 2018
BitOasis is a cryptocurrency trading platform established in 2015 by co-founders Ola Doudin and Daniel Robenek. It provides a digital asset wallet and an exchange for buying, selling, and trading cryptocurrencies, with a particular focus on cash-based emerging markets. The platform emphasizes security through its multi-signature wallet and aims to create a secure and regulated environment for both retail and institutional clients. By developing a comprehensive infrastructure for cryptocurrency trading, BitOasis enables investors to manage their assets safely and effectively.

RADAR

Seed Round in 2017
Radar Relay, LLC, founded in 2017 and based in Denver, Colorado, operates as a wallet-to-wallet trading platform for Ethereum-based tokens, utilizing the 0x Protocol. The platform facilitates direct peer-to-peer trading by maintaining an order book and relaying orders without holding any assets in custody. Users can connect their wallets directly to the Radar Relay platform, eliminating the need for account creation, sign-ups, deposits, or withdrawal limits. This approach aims to enhance user control and security in cryptocurrency trading.

BitOasis

Seed Round in 2016
BitOasis is a cryptocurrency trading platform established in 2015 by co-founders Ola Doudin and Daniel Robenek. It provides a digital asset wallet and an exchange for buying, selling, and trading cryptocurrencies, with a particular focus on cash-based emerging markets. The platform emphasizes security through its multi-signature wallet and aims to create a secure and regulated environment for both retail and institutional clients. By developing a comprehensive infrastructure for cryptocurrency trading, BitOasis enables investors to manage their assets safely and effectively.

RSK Labs

Seed Round in 2016
RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

Skuchain

Seed Round in 2016
Skuchain, Inc. is a company that specializes in developing blockchain-based products aimed at enhancing B2B trade and supply chain finance. Founded in 2014 and based in Mountain View, California, Skuchain offers a platform that includes features for procurement, contract management, financing arrangements, and inventory tracking. One of its notable products is BRACKETS, a smart lock system that automates monetary transactions when contractual agreements are fulfilled. The company’s currency-agnostic approach ensures that businesses can achieve greater transparency, security, and efficiency throughout their supply chains, catering primarily to banks and manufacturers.

Chain

Series B in 2014
Chain develops cryptographic ledger systems to enhance the security and connectivity of financial services. By offering ledger-as-a-service technology, the company enables organizations to securely track and transfer financial assets in token format. Its blockchain solutions facilitate the management of these assets on private ledgers while allowing seamless transfers across public networks. Chain's customer base includes prominent financial institutions such as Visa, Nasdaq, and Citigroup, as well as innovative startups creating new financial products. Additionally, the company collaborates with Interstellar, which focuses on revolutionizing international payments through the Stellar blockchain network, providing faster, cheaper, and more reliable global financial solutions.

TradeBlock

Seed Round in 2014
TradeBlock, Inc. is a New York-based company that specializes in developing institutional trading tools for digital currencies. Founded in 2013, it provides financial institutions with a comprehensive suite of execution and analysis tools tailored for the digital currency markets. TradeBlock serves as a global source of data, offering insights on market trends, cryptocurrency trading, regulations, mining, protocol updates, blockchain analysis, and economic developments. As of December 31, 2020, TradeBlock operates as a subsidiary of CoinDesk LLC.
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