OMERS Ventures invests in Digital Currency Group
OMERS Ventures has made an undisclosed investment in Digital Currency Group (DCG), a New York-based builder, incubator and funder of bitcoin and blockchain technology-related companies. According to a Wall Street Journal report, OMERS Ventures was part of a financing round that included multiple other investors, including HCM International Co, Prudential Financial Inc, and Western Union Co. DCG was founded last year by CEO Barry Silbert. OMERS Ventures, an investment arm of the Ontario Municipal Employees Retirement System, said it is backing DCG because it addresses "a large and rapidly growing market" that is "set to disrupt global financial services."
28 April 2016•2 mins read
