01 December 2021 06:54, UTC
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The Digital Currency Group (DCG) and its subsidiaries, including Grayscale Investments, are relocating headquarters from New York to Stamford, Connecticut.
“Digital Currency Group’s decision to move its headquarters here is an important confirmation that Connecticut is emerging as an ideal location for leading-edge, business-oriented companies,” said Governor Ned Lamont.
The Connecticut Department of Economic and Social Development (DECD) supported the DCG project and provided the group of companies with a grant of $ 5 million. In turn, DCG has pledged to create at least 300 new full-time jobs.
DCG, together with subsidiaries Grayscale Investments, TradeBlock, DCG Real Estate and HQ, will occupy more than 27,000 m2 of office space in the Shippan Landing complex. The company selected Connecticut after evaluating potential sites in New Jersey and New York.
“It soon became clear that Connecticut had everything we were looking for. Proximity to major metropolitan areas combined with infrastructure, talent, a business-friendly environment and world-class amenities, ”commented DCG Founder Barry Silbert.
In addition to the named companies, which are moving to Connecticut, DCG owns news site CoinDesk, brokerage company Genesis, consulting company Foundry and cryptocurrency exchange Luno.
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