Genesis Owes Creditors More Than $3 Billion, DCG Considers Selling Parts of Venture Capital Portfolio

Genesis, an institutional digital asset financial services firm, owes creditors more than $3 billion and its owner, Digital Currency Group (DCG), is exploring the sale of assets in its venture portfolio to raise money, according to a report by the Financial Times.

The report states that DCG is considering selling parts of its venture capital portfolio, which includes 200 crypto-related projects such as exchanges, banks, and custodians in at least 35 countries and is worth around $500 million.