Portfolio Companies

It is reported that after the collapse of Silicon Valley Bank, Signature Bank (SBNY) and Silvergate, Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies. DCG: Santander Bank, HSBC Bank and Deutsche Bank are still willing to provide services for encryption companies Analysis based on this information:According to the recent reports, Digital Currency Group (DCG) is seeking new banking partners for its portfolio companies after the collapse of Silicon Valley Bank, Signature Bank (SBNY), and Silvergate. As most of the crypto and blockchain companies work in a regulatory grey area, finding a banking partner that can support them with their banking needs and understand their requirements is crucial for their sustenance. DCG is a company that invests in the crypto and blockchain ecosystem and has a portfolio of over 150 companies. Some of its notable investments include BitGo, Coinbase, Circle, and Chain. After the sudden collapse of the major banking partners, DCG has realized that…