Digital Currency Group Hints At Going Public In The Future - Bitcoin and Altcoins News

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January 31, 2016

Digital Currency Group Hints At Going Public In The Future

Digital Currency Group
Barry Silbert and Digital Currency Group are two names many Bitcoin enthusiasts will be more than familiar with. It should come as no surprise to find out that DCG is keeping a close eye on the progress of Bitcoin and blockchain technology in India, which is one of the world’s leading emerging markets. Unocoin is one of the leading Bitcoin in India, and DCG has invested in this company, among others.

Digital Currency Group Makes Strategic Investments

Digital Currency Group Barry Silbert
The country of India provides an interesting playing ground for Bitcoin, blockchain technology, and digital currency in general. With a large part of the population cut off from traditional finance, and a growing interest in mobile commerce solutions, a disruption of the financial sector seems to be long overdue.
But it is not just India that is of interest to Barry Silbert and Digital Currency Group, as the company has made multiple strategic investments. In doing so, DCG wants to make Bitcoin more accessible to everyday consumers, both for buying and selling. By investing in various local leading Bitcoin exchanges in developing markets, the popular digital currency can thrive in the years to come.
In total, Digital Currency Group has their fingers in no less than 15 exchanges all over the world. These strategic investments cover a total of 40 currency trading pairs, which give DCG a global appeal in return. Providing liquidity to the Bitcoin industry is key, especially for smaller exchanges operating in countries where Bitcoin adoption has not gained any noteworthy levels just yet.
Many people see Digital Currency Group as a collective focusing mostly on the blockchain and how this technology can affect the everyday lives of consumers all over the world.  While Silbert told IBTimes how the company is still keen on blockchain technology in general, but people should be equally excited about Bitcoin itself.
One of the main reasons why Digital Currency Group has so much money to go around is because they are not a fund. Instead, the business plan is to allow for redeployment of capital, rather than returning capital to partners. By holding permanent capital and having the option to invest in and buy up interesting companies, Digital Currency Group has made quite the name for itself over the years.

Taking The Company Public In The Future

Digital Currency Group Barry Silbert Going Public
One of the more interesting remarks made by Barry Silbert is how there are plans to take Digital Currency Group public in the near future. No official details have been announced just yet, other than saying how going public is a path the company will likely go down. This would bring even more legitimacy to both Bitcoin and the blockchain.
If Digital Currency Group is serious about going public, they will be following in the footsteps of Bitcoin Shop, Inc. and Bitcoin Group. Both of these companies have made their way to mainstream exchange platforms in 2015, and Digital Currency Group would be a welcome addition to that brief list.
Source; IB Times
Images courtesy of Barry Silbert, DCG, Shutterstock

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