DCG is hiring advisors for a planned wealth management business aimed at crypto millionaires

Quick Take

  • DCG is launching a wealth management business in 2022.
  • It is going to take a page from traditional finance by hiring wealth advisors as opposed to using automated services.

Barry Silbert's Digital Currency Group is looking to hire a team of financial advisors for a wealth management business, according to sources with knowledge of the firm's operations.

As The Block first reported last December, DCG has been planning to launch a new wealth management business for the past year, with an eye to formally open next year. A source with knowledge of the firm's plans told The Block that the new division will focus on wealthy crypto millionaires, catering to a wide range of wealth advisory needs. 

DCG is now undertaking a hiring push for the new business, advertising the open positions on LinkedIn through a post seeking a private wealth advisor to "work within Digital Currency Group's newest subsidiary." 

"The subsidiary remains in stealth mode, but will be working with the world's leading crypto blockchain and DeFi entrepreneurs and investors," it added. Sources estimate that the firm could onboard more than 10 wealth advisors to start. 

The role will create "comprehensive wealth management plans" and "build relationships with our members."

DCG's new business will aim to carve out a long-ignored niche within the wealth management world: those whose wealth is primarily based around crypto.

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