On January 19, 2023, certain Genesis entities filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code. Information and updates regarding the filings, can be found throughout this website.

Genesis Global Capital Update 12/7/22

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Genesis Clients,

Many thanks for your continued support as we pursue various options for our lending business. We are committed to being as transparent as possible with you and wanted to update you on a few important points as our process continues.

First, our priority remains to identify the best possible outcome for Genesis’s clients. We continue to focus our time and resources on this goal. Working in consultation with highly experienced advisors and in close collaboration with our owner, DCG, we are evaluating the most effective path to preserve client assets, strengthen our liquidity, and ultimately move our business forward. We are also engaged in productive discussions with representatives of several client groups that have recently coalesced.

Second, all other Genesis entities remain fully operational as we continue supporting our clients 24/7 globally for their spot and derivatives trading and custody needs.

Perhaps most importantly, we greatly appreciate your continued patience, and you have our commitment to timely communication when we have meaningful developments to share. As you know, these are extraordinary times in our industry, and, while we are working urgently, this is a comprehensive process that we expect will take some time. At this point, we anticipate that it will take additional weeks rather than days for us to arrive at a path forward. As we progress, you will hear from us on meaningful developments, including any updates on timing.

Meanwhile, we are intensely engaged in crafting the best resolution for you and continuing to serve you moving forward. Thank you again for your partnership.

Derar Islim
Interim CEO, Genesis

About Genesis

Genesis is a premier institutional digital assets financial services firm providing a single access point for select qualified individuals and global institutional investors. Genesis combines best-in-class client service, unrivaled operational excellence and a seamless user experience to provide investors with a full suite of services to manage their portfolios.

The firm offers sophisticated market participants an integrated platform to trade digital assets, creating pathways to benefit from market opportunities while increasing capital efficiency for counterparties.

For more information on Genesis, please visit genesistrading.com.


FGS Global for Genesis

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