NYDIG raises $200 million
New York-based NYDIG , a provider of technology and investment solutions for Bitcoin, announced a $200 million growth capital round led by Stone Ridge Holdings Group, Morgan Stanley , New York Life Insurance , MassMutual , Soros Fund Management, and FS Investments. Bessemer Venture Partners and FinTech Collective, who led the two prior funding rounds for NYDIG, were also significant participants.
“The firms participating in this round are more than investors – they are partners, each well known to us for years. NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy. These partnerships leave no doubt that institutional adoption of Bitcoin has arrived and, further, that NYDIG is the partner of choice for serious financial services firms with the highest fiduciary and diligence standards. In the months and quarters ahead, look out for an explosion of innovation in Bitcoin products and services delivered by NYDIG, in partnership with our new investors.” – Robert Gutmann, co-founder and CEO of NYDIG.
NYDIG also announced that life, annuity, and property & casualty insurers now own, in aggregate, more than $1 billion of direct and indirect bitcoin exposure facilitated by NYDIG, and held on NYDIG’s institutional custody platform.
“I am thrilled by what this group of incredible investors will mean for NYDIG, but especially for Bitcoin.” – Ross Stevens, founder and Executive Chairman of NYDIG.