SoftBank’s Vision Fund 2 and Latin America Fund co-led a secondary round for the blockchain-focused investment group at a $10bn valuation, participating with fellow corporate Alphabet’s CapitalG unit.

Investors including internet and telecommunications firm SoftBank and internet technology conglomerate Alphabet have acquired $700m of shares in US-based cryptocurrency investment firm Digital Currency Group (DCG) through a secondary sale, CNBC reported yesterday.

The deal valued the company at more than $10bn and additionally included GIC Capital and Ribbit Capital. SoftBank led the secondary round through its Vision Fund 2 and Latin America Fund according to the Wall Street Journal, while Alphabet was represented by its CapitalG unit.

DCG provides…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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