NYDIG
| File:NYDIG Logo.svg | |
| Private | |
| ISIN | 🆔 |
| Industry | Financial services & technology |
| Founded 📆 | 2017 |
| Founder 👔 | |
| Headquarters 🏙️ | New York, NY |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | https://nydig.com |
| 📇 Address | |
| 📞 telephone | |
NYDIG is a financial services and technology firm headquartered in New York, New York, United States. It provides a range of Bitcoin solutions to institutions, private clients, banks, and fintech companies. NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann, and it is one of the largest digital asset companies in the United States by assets under custody.
NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann as New York Digital Investment Group, a subsidiary of Stone Ridge Holdings Group, based in New York.[1] In 2017, the company received a US$50 million Series A investment led by Bessemer Venture Partners. In October 2020, the company received a US$50 million growth equity round of funding, led by FinTech Collective, with Bessemer Venture Partners and Ribbit Capital participating. In December of the same year, the company received a US$5 million investment from MassMutual.[2][3] At the same time, MassMutual announced it had purchased US$100 million of Bitcoin for its general investment account through NYDIG.[4]
In 2020, in an interview with Forbes, NYDIG stated that its parent company, Stone Ridge Holdings Group, held 10,000 Bitcoin for its corporate treasury, worth more than US$115 million at the time, making it the firm's primary treasury reserve asset.[1]
In December 2020, NYDIG launched a Bank Solutions business in which it would make its digital asset platform available to banks and fintech companies looking to create Bitcoin-related products, such as a Bitcoin rewards debit card.[5]
References
- ↑ 1.0 1.1 Castillo, Michael del. "Stone Ridge Reveals $115 Million Bitcoin Investment As Part Of Billion-Dollar Spin-Off". Forbes. Retrieved 2020-12-29.
- ↑ GmbH, finanzen net. "Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year". markets.businessinsider.com. Retrieved 2020-12-29.
- ↑ "169-Year-Old MassMutual Invests $100 Million in Bitcoin". Bloomberg.com. 2020-12-10. Retrieved 2021-01-15.
- ↑ Vigna, Paul (2020-12-10). "MassMutual Joins the Bitcoin Club With $100 Million Purchase". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-12-29.
- ↑ "Quontic Bank launches bitcoin rewards checking with help from NYDIG". American Banker. 2020-12-15. Retrieved 2021-01-15.
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