STAMFORD — Digital Currency Group, a major investor in bitcoin and blockchain-technology companies that recently opened offices in Stamford, announced Monday plans to create more than 300 jobs in Connecticut in the next five years.
To support the new positions, DCG is building an approximately 90,000-square-foot headquarters across the fourth and fifth floors of 290 Harbor Drive, in the Shippan Landing complex. The company is aiming to open the new offices by the end of summer 2022.
Ahead of the completion of the permanent headquarters, DCG opened in the spring a temporary headquarters in the adjacent building at 262 Harbor Drive, where about 130 employees are based. The company was originally headquartered in New York City, where it was founded in 2015.
“It quickly became clear that Connecticut had everything we were looking for in a new headquarters,” DCG founder and CEO Barry Silbert said in a statement. “Its proximity to major metropolitan areas combined with its infrastructure, talent, business-friendly environment, and world-class facilities to house our rapidly-growing organization made it an easy choice. We are committed to making our new home in Stamford a hub for the next generation of fintech and blockchain entrepreneurs.”
If it creates and retains more than 300 full-time jobs, DCG can earn a grant “in arrears” of up to approximately $5 million from the state Department of Economic and Community Development.
“Attracting new investment and job creation opportunities to Connecticut is a top priority for our administration and today’s announcement is another indication that we are seeing results,” Gov. Ned Lamont said in a statement. “Digital Currency Group’s decision to relocate their headquarters here is the latest example of how Connecticut is the ideal location for leading-edge companies that are focused on business growth.”
DCG describes itself as “the most active investor” in the digital currency industry, with support for more than 200 blockchain technology-related companies across more than 35 countries. It also invests directly in digital currencies and other digital assets.
In addition to its investment portfolio, DCG is the parent company of Genesis, a global digital asset prime brokerage; Grayscale Investments, which it said is the world’s largest digital-currency asset manager; CoinDesk, a financial media and data company; Foundry, a specialist in bitcoin mining and staking; Luno, a cryptocurrency platform; and TradeBlock, an institutional trading platform.
This year, several other major companies have committed to establishing or expanding their presence in southwestern Connecticut.
That group includes tobacco giant Philip Morris International, which plans to open next summer its new headquarters at 677 Washington Blvd., in downtown Stamford. On Nov. 8, Lamont and other elected officials held a press conference and tour at 677 Washington to welcome PMI executives to their future home. PMI is now headquartered in midtown Manhattan.
At 100 Washington Blvd., in Stamford’s South End, manufacturer and technology-services company ITT is planning to open its new headquarters by March. The company is now based in White Plains, N.Y.
Yards from 100 Washington, Tomo Networks, a financial-technology firm focused on real estate, has opened offices at 2200 Atlantic St. Launched last year, Tomo intends to create up to 100 local jobs by the end of this year.
In downtown Greenwich, financial-technology firm iCapital Network opened offices in September in the Greenwich Plaza complex. Company officials predict the number of Greenwich-based employees could rise to approximately 300 during the next two years.
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