What Genesis Capital does

Genesis Capital (operating through Genesis Global Holdco, LLC) was a premier institutional digital asset financial services firm founded in 2013 and headquartered in New York, with an Asia Pacific entity in Singapore. The company offered an integrated platform spanning three core product lines for qualified individuals and global institutional investors: (1) spot and derivatives trading, (2) digital asset lending and borrowing intermediation, and (3) custody services. Genesis Global Trading, Inc., a separately capitalized broker/dealer holding a New York BitLicense, operated alongside the lending entities. The company scaled to become the largest institutional digital asset lender, with over $10 billion in originations in 2020 year-to-date. Revenue mechanics relied on institutional relationship-based pricing for trading, lending spreads, and custody fees, distributed through a direct B2B white-glove sales model with no publicly disclosed pricing.

The firm was a subsidiary of Digital Currency Group (DCG) and operated with high counterparty and parent-company concentration. Following the November 2022 collapse of FTX and prior default by Three Arrows Capital, Genesis suspended redemptions and new loan originations. On January 19, 2023, Genesis Global Holdco, LLC and its lending subsidiaries filed voluntary Chapter 11 petitions in the Southern District of New York. The restructuring process culminated in a court-confirmed Plan of Reorganization on May 17, 2024, which exchanged DCG's $1.1 billion 2032 note for convertible preferred stock, consolidated Genesis Global Trading under the Holdco, established a creditor trust, and offered dual-track paths to sell or convert creditors to ownership. Genesis entered into settlements with the SEC (January 31, 2024, $21 million unsecured claim) and the New York Attorney General (February 8, 2024). Gemini Earn investors fully recovered their assets between May and June 2024.

Post-emergence, Genesis Capital has re-engaged in the digital asset ecosystem through co-led Web3 venture investments, including an $8.5 million funding round for ZenChain (cross-chain infrastructure, January 7, 2026) and an $8 million strategic round for AetheriumX (Distributed Capital Intelligent Protocol, January 27, 2026). Current operating scale per firmographics is 1-10 employees, with no operating lending business disclosed and no current revenue data available.

Name

Genesis Capital

Legal name

Genesis Global Holdco, LLC

Website

https://genesiscap.co

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

1–10 employees

Short description

Genesis Capital (Genesis Global Holdco, LLC) is a New York-headquartered institutional digital asset financial services firm offering spot and derivatives trading, lending and borrowing, and custody services to qualified investors and global institutions. Its lending subsidiaries filed Chapter 11 in January 2023 following FTX-era counterparty failures, with the Plan of Reorganization confirmed in May 2024.

Ownership category

akta.pro rank

Product category

Institutional Digital Asset Financial Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239), Offices of Bank Holding Companies (551111)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Equity Capital Introduction & Prime Services (FSACAFAK)

Keywords

• Institutional digital asset lending
• Cryptocurrency trading services
• Digital asset custody
• Crypto derivatives trading
• Digital asset brokerage

Headquarters

HQ city

Jersey City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Others, Operations, Personnel, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

Genesis Capital is a premier institutional digital assets financial services firm providing a single access point for qualified individuals and global institutional investors. It operates three integrated business lines: spot and derivatives trading, lending and borrowing intermediation, and custody services. A separately capitalized broker/dealer subsidiary, Genesis Global Trading, holds a BitLicense for trading operations.

Product overview

Genesis Capital (Genesis Global Holdco, LLC) is a premier institutional digital assets financial services firm offering a single access point for qualified individuals and global institutional investors. The company operates three integrated business lines: (1) Spot and Derivatives Trading for digital asset markets, (2) Lending and Borrowing intermediation services, and (3) Custody services for secure digital asset storage. Additionally, Genesis Global Trading serves as a separately capitalized broker/dealer with BitLicense. The company filed for Chapter 11 bankruptcy in January 2023 and has been undergoing restructuring to resolve creditor claims.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Gemini TrustcoreStrategic or Co-development Partner · 6 February 2023Gemini was a key partner in the Gemini Earn program offered through Genesis Capital. Gemini agreed to contribute up to $100 million in additional funds to Earn users as part of the Chapter 11 plan. Gemini and Genesis jointly faced SEC enforcement actions regarding the Earn program.
• Moelis & CompanycoreImplementation/ SI/ Consulting Partner · 6 February 2023Independent investment banking partner hired to evaluate the best possible asset preservation strategy and effectuate a roadmap for the lending business restructuring.
• KrollcoreImplementation/ SI/ Consulting Partner · 19 January 2023Claims agent engaged to help answer questions from customers, employees, partners and other stakeholders. Kroll hosts the restructuring website with court documents and claims information.
• Cleary Gottlieb Steen & Hamilton LLPcoreImplementation/ SI/ Consulting PartnerLegal counsel acting for Genesis Capital during the Chapter 11 restructuring process.
• Alvarez & MarsalcoreImplementation/ SI/ Consulting PartnerRestructuring advisor serving Genesis Capital during the Chapter 11 process.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• BitGo: BitGo is a regulated digital asset custodian and prime broker offering custody, lending, trading and staking services to institutions. Its regulated custody-plus-lending stack directly overlaps Genesis Capital's institutional offering and competes for the same institutional client base.
• BlockFi: BlockFi was a digital asset lending and trading platform for institutional and retail clients, founded in 2017 and a direct peer to Genesis Capital in the institutional lending segment. BlockFi filed for Chapter 11 in November 2022 in the wake of the FTX collapse, making it the closest historical analog to Genesis's bankruptcy trajectory.
• FalconX: FalconX is an institutional digital asset prime brokerage offering trading, lending and custody for institutions, with deep liquidity across spot and derivatives. It is a direct competitor to Genesis's institutional trading and lending franchise and captured wallet share during Genesis's restructuring period.
• Galaxy Digital: Galaxy Digital is a publicly traded institutional digital asset financial services firm offering trading, lending, asset management and mining/infrastructure exposure. It is the closest scaled, full-stack peer to Genesis Capital across the trading-lending-custody value chain serving institutional crypto clients.
• Cumberland (DRW): Cumberland is the digital asset trading arm of DRW Trading, providing institutional liquidity across spot and derivatives markets. As a principal trading counterparty rather than a balance-sheet lender, it competes with the trading side of Genesis Capital's business for institutional order flow.
• Celsius Network: Celsius Network operated a digital asset lending platform that took retail and institutional deposits and lent out crypto assets, competing with Genesis Capital's lending business. Celsius filed for Chapter 11 in July 2022, making it another direct peer that experienced a similar bankruptcy arc in the same lending category.
• Galaxy Digital Lending (Galaxy One): Galaxy's institutional lending product (now branded Galaxy One) provides cash and digital asset financing to institutional counterparties — a direct head-to-head competitor to Genesis Capital's pre-bankruptcy digital asset lending franchise.
• Coinbase Prime: Coinbase Prime is the institutional arm of Coinbase offering trading, lending, custody and prime brokerage services for digital assets. It directly overlaps Genesis Capital's spot/derivatives trading, lending and custody offerings for institutional clients and is the dominant scaled competitor in this segment.

Emerging players

• Maple Finance: Maple Finance is a decentralized credit marketplace for institutional digital asset lending, using on-chain vaults and credit underwriting. It addresses the same institutional lending use case as Genesis Capital but via an open, transparent on-chain architecture, representing an emerging alternative to Genesis's balance-sheet model.
• Aave Companies: Aave is a decentralized liquidity protocol enabling overcollateralized digital asset lending and borrowing via smart contracts. While not an institutional prime broker, Aave captures a meaningful share of digital asset lending demand and represents an emerging alternative to centralized lenders like Genesis Capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Gen_Capital
• LinkedInlinkedin.com/company/genesis-global-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genesis Capital