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Crypto Firm Digital Currency Finds New Home in Stamford


Cryptocurrency conglomerate Digital Currency Group Inc. and subsidiaries including digital asset manager Grayscale Investments LLC will relocate from New York City to Stamford, Connecticut, as cities compete for blockchain firms.

DCG is expected to create more than 300 new jobs in the state over the next five years, according to a statement from the office of Connecticut Governor Ned Lamont. The Connecticut Department of Economic and Community Development is backing the transition with a grant in arrears of up to $5.01 million.