Barry Silbert

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Barry Silbert
BarrySilbert.jpeg
Occupation Founder & CEO
Employer Digital Currency Group
Location Stamford, CT
Personal Twitter @BarrySilbert
LinkedIn Profile
Website https://dcg.co/

Barry Silbert is a Connecticut-based serial entrepreneur and investor who is the founder and CEO of Digital Currency Group ("DCG"). He is the former founder, chairman and CEO of SecondMarket Inc., which he sold to Nasdaq in 2014.[1][2]

He was an early investor in bitcoin and an active investor in the crypto industry, backing hundreds of companies around the world.

DCG owns Grayscale Investments, Genesis Trading, CoinDesk, Foundry, Luno, TradeBlock, and HQ.[3]

Like other crypto companies, DCG got caught in the fallout from the 2022 collapse of FTX, which triggered a wave of redemption requests that overwhelmed DCG’s Genesis Global Capital (GGC). The collapse of Genesis, a crypto lending operation, led to significant losses for many investors.[4]

In January 2023, Cameron Winklevoss accused Silbert of hiding from the more than 340,000 Gemini Earn users whose over $900 million in cryptocurrency was trapped at GGC since mid-November of 2022. Winklevoss gave Silbert a one week ultimatum to come up with $1 billion to make the Gemini customers whole.[5] [6]

Both the US Attorney’s Office for the Eastern District of New York and the SEC opened investigations into the matter.[7]

Background[edit]

Before becoming an entrepreneur, Silbert was as an investment banker in New York with Houlihan Lokey, where he worked on some of the most prominent bankruptcies of the Dot-Com collapse, including Enron and WorldCom.

In 2003 he founded Restricted Stock Partners, a trading platform for restricted securities issued by companies engaging in private deals, and was CEO of the company. In 2008, the company changed its name to SecondMarket.[8] By 2011, SecondMarket had facilitated billions of dollars in private market transactions and had more than 75,000 registered users. In 2009, he was named one of Ernst & Young's Entrepreneurs of the Year, and as Crain’s’ Entrepreneur of the Year. Michael Bloomberg, then mayor of New York City, invited Silbert to join his Council on Technology and Innovation.[9] He was also named to Fortune’s “40 Under 40” list.[10]

Education[edit]

Silbert graduated with honors with a bachelor of arts in finance from the Goizueta Business School of Emory University.

References[edit]

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