Crypto group DCG looking for new banking partners following SVB collapse

Crypto group DCG looking for new banking partners following SVB collapse

A police officer controls an access to a branch of Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder

Crypto conglomerate Digital Currency Group (DCG) is looking to find new banking partners for portfolio companies following the collapse of Silicon Valley Bank, Signature Bank, and Silvergate, CoinDesk reported on Tuesday, citing messages viewed by the outlet.

Santander, HSBC and Deutsche Bank are still willing to connect with crypto firms, CoinDesk said, after recent banking failures in the United States left crypto firms and tech startups stranded and hunting for new banking partners.

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