Digital Currency Neighborhood (DCG) is alive to on promoting a few of its property in gentle of the billions of bucks its subsidiary Genesis owes collectors.

A Thursday represent from the Monetary Events, citing sources accustomed to the subject, disclosed that Genesis owes bigger than $3 billion to its collectors.

This significant quantity of debt on the balance sheet has led guardian company DCG to evaluation its alternatives to enhance capital to bear the embattled lender whole. Indubitably one of these alternatives comprises promoting a few of its property from its portfolio of project investments.

Constant with the represent, DCG is alive to on offloading a half of its $500 million project portfolio which consists of 200 crypto companies, collectively with exchanges and banks, across 35 countries.

DCG backs a few of the largest crypto companies operational nowadays, having equipped funding for necessary crypto exchanges admire Coinbase and Kraken, and the USDC stablecoin issuer Circle.

On the opposite hand, these kinds of project investments might well well well now not be somewhat as easy to promote. The sources acknowledged that the nature of DCG’s stake in its project companies were illiquid and a sale would likely steal a whereas – a luxury that DCG doesn’t have in its most unusual instruct of affairs.

The company shut down its wealth administration division called HQ earlier this month, which had over $3.5 billion in property below administration. HQ’s senior executives were reportedly caught off-guard by the division’s closure.

The controversy surrounding DCG, which furthermore owns crypto funding company Grayscale Investments and media publication CoinDesk, has escalated over the outdated few weeks. Gemini’s co-founder Cameron Winklevoss accused DCG CEO Barry Silbert of “sad faith stall tactics” in resolving Genesis’s liquidity problems, with the lender owing $900 million to users of the crypto alternate’s yield-bearing product Gemini Assemble.

On Thursday, each and every Genesis and Gemini were named in a lawsuit filed by the U.S. Securities and Alternate Commission. The regulator alleged that the companies had performed an unregistered securities offering to retail traders thru Gemini’s Assemble product.