What projects has DCG, the parent company of Grayscale, invested in in 2020?

The enthusiasm of institutions to invest in cryptocurrencies has soared, and Grayscale Investment has also attracted the attention of many investors. Similarly, Grayscale’s parent company, Digital Currency Group (DCG), has also attracted attention. Founded in 2015, this company is a diversified group integrating holding and investment. In addition to creating Grayscale Investment, it also invested in the well-known overseas media CoinDesk, Europe’s largest encrypted asset trading platform Kraken, and a trading platform known for its compliance Coinbase, Blockstream with Bitcoin core developers, eToro, Zcash, Dune Analytics, CoinList and many other well-known projects.

For a more detailed interpretation of DCG, please refer to Detailed explanation of Digital Currency Group (DCG) blockchain investment landscape".

2020 is a year of capital turbulence and great changes in the world structure, and DCG, a giant in the blockchain industry, is not exception. According to crunchbase statistics, DCG has made a total of 189 investments since its establishment. Rhythm This article will summarize the projects DCG invested in in 2020, and try to find its investment logic from them.

Exited 2 projects with huge profits

Tagomi is an electronic brokerage of crypto assets that provides liquidity, low commissions and maximized client returns, helping bring transparency to otherwise opaque markets.

DCG participated in Tagomi’s $16M Series A round on March 15, 2018. On May 27, 2020, Coinbase acquired Tagomi, and DCG withdrew at a profit. It is rumored that the amount of the acquisition is between US$70 million and US$100 million.

Tagomi raised USD 16 million in Series A financing and USD 12 million in A-II rounds before being acquired. It can be estimated that DCG's rate of return on this investment is between 150% and 250%.

ShoCard

ShoCard is an electronic ID card application, which stores personal information in the blockchain, through multi-key public key/private key Encryption, data hashing, out-of-band data communication, data matching, and two-factor authentication to protect and verify identities.

DCG participated in ShoCard’s $1.5M VC round on July 17, 2015. ShoCard was acquired by Ping Identity, which provides identity management services, on October 7, 2020 (for an undisclosed sum). Ping Identity was listed on the New York Stock Exchange in 2019, with a current market value of US$1.811 billion.

Invest in 17 projects in 2020

According to CB Insights data, DCG invested in a total of 17 projects in 2020, mainly in the VC and A rounds.

Transparent Systems

Transparent Systems is a Seattle-based payment and clearing company. Transparent Systems is building a "new, secure encrypted real-time settlement solution" to remove transaction costs and friction associated with traditional payment methods, and its decentralized network aims to "remove the centralized control of current financial systems and resolve settlements." Time Limits and Transaction Fees".

Zabo

Zabo is a software-as-a-service startup connecting financial services firms with customers' cryptocurrency accounts.

Horizon Blockchain Games

Horizon Blockchain Games is built on Ethereum to build games for the decentralized web.

It is currently developing its digital trading card game SkyWeaver, a card trading game based on the spirit of magic, Something like the Gathering Arena and Hearthstone. Card ownership and gameplay are tracked and authenticated through Ethereum transactions.

Skew

Skew is an encrypted data provider that mainly provides professional data analysis and transaction execution services for the cryptocurrency market (does not provide transaction consulting).

Lolli

Lolli is a bitcoin rewards shopping app that allows users to earn bitcoins while shopping. At present, Nike and Kroger, the second largest comprehensive retailer in the United States, are its partners.

Avanti Financial Group

Avanti Financial Group is a banking and financial services group based in Wyoming, USA. The U.S. Office of the Comptroller of the Currency (OCC) allowed national banks to provide digital asset custody services in mid-July 2020. Avanti Financial Group has been authorized as a "digital asset bank" in Wyoming, becoming the second "new type of bank" for digital assets. Avanti Financial Group plans to commence operations in early 2021.

Paradigm

Paradigm is an institutional-level platform that helps automate the OTC digital asset transaction process, and can automate the price negotiation and settlement process for OTC OTC traders.

Curv

Curv provides cloud-based institutional-grade encrypted asset wallet services, providing clients with wallet operations, security and liquidity. Curv's services also include blockchain infrastructure setup, management, maintenance, simplifying the adoption of any digital asset without building or scaling IT infrastructure.

The Graph

The Graph, a decentralized query protocol, enables decentralized application developers to quickly retrieve nodes from users using GraphQL (Graph Query Language) Query and retrieve data on the chain in the decentralized network formed.

Click to read the details of The Graph

Circle Internet Financial

Circle was founded in 2013 by Jeremy Allaire and Sean Neville in Boston, USA. It is a consumer finance start-up company that provides digital currency storage and national currency exchange services. It uses technology to support Bitcoin to improve consumer payments Way. In 2015, Circle became the first company in the world to obtain a digital currency license (BitLicense) issued by the New York State Department of Financial Services (NYDFS).

Currently, Circle is valued at RMB 20 billion.

Acala Network

Acala Network was founded by Laminar and Polkawallet, participants and contributors in the Polkadot ecosystem, focusing on helping and managing applications in the DeFi field, Especially those applications that can be used as open financial infrastructure, such as stable currency and increased liquidity.

Dune Analytics

Dune Analytics is a blockchain analysis platform that can be used to query, extract, and visualize massive Ethereum data. It is a web-based platform that queries Ethereum data from a pre-populated database by using simple SQL queries (avoiding each script traversing the data individually, redundant transactions). Instead of writing a dedicated script, users can simply query the database and extract almost any information on the blockchain.

Click to read more about Dune Analytics

Jiko

Jiko is A personal bank that is marketed as a safe place for users to store money while also offering at least 0.5% cashback on debit transactions.

NIFTEX

NIFTEX is a self-service NFT liquidity solution that supports anyone to split an NFT into several fragmented tokens. These tokens are in ERC20 format, so they are tradable and interchangeable on the open market, unlocking liquidity for unique NFTs.

Click to read NIFTEX details

API3

API3 is a decentralized first-party oracle network managed by API3 DAO , including providing Web 3.0 decentralized API services, such as the infrastructure required for design and technology development; supporting decentralized API services and their profitable continuous operations, such as operation maintenance and business development.

Fireblocks

Fireblocks is a platform for protecting digital assets in transit, designed for those who need to move digital assets without creating operational or security issues Institutional traders. Fireblock simplifies related operations by integrating trading platforms, OTC, counterparties, hot wallets, and custody into one platform.

Slingshot

Slingshot is a decentralized trading platform focusing on aggregation services, which was renamed from Dex.ag. Slingshot was born in the 2018 Hackathon. Current similar solutions include 1inch, ParaSwap, 0x’s Matcha, and the new aggregation transaction service launched by the Ethereum wallet MetaMask.

Through the general interpretation of DCG's 2020 investment projects, it can be found that the main investment projects of DCG have two attributes "Whether it provides convenience to customers" and "Whether it is innovative".

Aggregation applications and companies committed to compliance can bring convenience to users to a certain extent and thus Scrambling for the market, innovative enterprises have a small and large investment profit-loss ratio.

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