• Wed. Jun 22nd, 2022

Digital Currency Group unveils wealth management subsidiary

ByHazel R. Lang

Jun 9, 2022

advertising

Digital Currency Group (DCG), a cryptocurrency investment firm founded by Barry Silbert in 2015, has officially launched its long-heralded wealth management subsidiary.

Named HQ Digital, it will offer private investments, estate planning, risk mitigation and insurance, among other services, according to its website. It will complement DCG’s existing roster of businesses, which includes asset manager Grayscale, trading firm Genesis Global and news site CoinDesk.

“You might think of HQ as a redesigned multi-family office, but we prefer to call it your delta team to optimize life,” the company’s website says.

According to LinkedIn, the wealth management unit will be led by Alana Ackerson. Previously, Ackerson was a co-founder of Figure, the blockchain-focused fintech company run by former SoFi CEO Mike Cagney. Her bio states that she is currently leading a new subsidiary of DCG that will work with “the world’s leading entrepreneurs and investors in crypto, blockchain and DeFi”.

The Block previously reported on HQ in December 2020 where it was understood to act as a conduit for Grayscale’s investment products, offering clients advice on where to invest.

Digital Currency Group’s CoinDesk unit competes with The Block to provide insight into crypto markets.

HQ did not immediately respond to a request for comment on the launch.

Trending Stories


Source link