Genesis Digital Assets Previously Received 11 Billion Investment from Alameda Interested in US IPO

The origins of GDA can be traced back to Alameda Research, a quantitative trading company that has since closed down and is highly related to the FTX exchange, according to data. Alameda had invested approximately $1.15 billion in GDA four times in 2022, bringing its valuation to $5.5 billion in April of that year, enabling it to rapidly expand its business in the United States.