NYDIG Company Intelligence
Quick Take
- NYDIG has evolved out of an in-house stealth project to become the leading full-service, vertically integrated Bitcoin financial services firm which helps institutions, funds, and corporates of all shapes and sizes acquire and secure bitcoin.
- The company has managed to secure one of the largest cumulative funding amounts in the entire crypto ecosystem (~$400 million), and counts New York Life, Morgan Stanley, Mass Mutual, among others as strategic investors.
- Looking ahead, the firm remains on a shortlist of US-listed bitcoin ETF applicants and is a trust custodian for a separate proposal. Other opportunities such as banking and credit-based solutions, bitcoin exposure insurance products, and other Crypto-as-a-Service capabilities remain strong growth opportunities for the firm over the next 12-18 months.
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Author: Ryan Todd