ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
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.
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.