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…
