Category: NYDIG

There have already been twice as many large-scale crypto VC deals in 2021 than there were in 2020

There were twice as many crypto venture capital deals larger than $50 million in the first quarter of 2021 than there were in all of 2020, according to The Block Research.  Last year there were four crypto venture capital deals worth more than $100 million, and three deals worth between $50 million and $100 million. […]

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NYDIG Brings Bitcoin to $6 Trillion Global Insurance Industry — Partners With Starr, Liberty Mutual, New York Life

New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management, is creating bitcoin-powered products and services for the $6 trillion global insurance industry. The company has formed strategic partnerships with major insurers, including Starr, Liberty Mutual, New York Life, and Mass Mutual. Tapping Into $9 Trillion Insurance Industry NYDIG, a […]

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Bitcoin investment firm NYDIG raises another $100 million

NYDIG, the New York-based crypto investment firm, has secured another $100 million just one month after announcing a $200 million fundraise. The additional cash comes from strategic partners, including insurance firms Starr Insurance, Liberty Mutual Insurance and other property and casualty-focused insurers. They join life insurance and annuity-focused firms New York Life and MassMutual as […]

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NYDIG’s Yan Zhao explains how the digital asset manager makes buying bitcoin more comfortable

Quick Take NYDIG president Yan Zhao says she knows what institutional investors are looking for because she used to work with them. In the chaotic world of cryptocurrency, it may be that NYDIG appeals to institutions as much for the things it eschews as for the things it does. This feature story is available to […]

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Morgan Stanley Making 3 Bitcoin Funds Available to Clients

One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds. Morgan Stanley to Offer Wealth Clients Access to Bitcoin Funds Investment […]

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Bitcoin services provider NYDIG appoints New York Life chief executive to its board

New York Digital Investment Group (NYDIG), a bitcoin investment and services provider, announced the appointment of New York Life Insurance Company boss Theodore Mathas to its board of directors on Wednesday.  Since 2006, Mathas has worked for New York Life Insurance Company, which covers over $700 billion worth of assets. He was named CEO in […]

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Soros Fund, New York Life, Morgan Stanley Among Investors of $200 Million in Bitcoin Investment Firm

Soros Fund Management, New York Life, and Morgan Stanley have joined Stone Ridge Holdings, Massmutual, FS Investments, and Bessemer Venture Partners to invest in bitcoin-focused investment company NYDIG. They will collaborate on a range of bitcoin-related strategic initiatives, and expect to launch “an explosion of innovation in bitcoin products and services.” Major Companies Want Bitcoin […]

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Big news for Bitcoin: NYDIG raises $200M from Stone Ridge, Soros Fund, Morgan Stanley, et al.

NYDIG has received a $200 million growth capital round, which it intends to use to further drive institutional adoption of Bitcoin. The company now manages more than $1 billion in Bitcoin for life, pension, and property insurers. New York Digital Investment Group (NYDIG) today announced a $200 million growth capital round. The technology and investment […]

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Bitcoin services provider NYDIG raises $200 million from Morgan Stanley, New York Life, and others

Bitcoin trading and custody services provider NYDIG announced Monday that it has raised $200 million in a growth capital round. The round was led by Stone Ridge Holdings Group — NYDIG’s parent company — Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. NYDIG’s previous lead investors Bessemer Venture Partners and FinTech […]

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NYDIG Raises $200 Million From Key Strategic Partners Including Morgan Stanley and StoneRidege

New York Digital Investment Group (NYDIG), a Bitcoin technology, and investment solution provider have raised $200 million from key strategic partners that involved its parent company StoneRidge Capitals, Morgan Stanley, New York Life, MassMutual, and a few others. .@NYDIG_BTC raises a round of $200m from Morgan Stanley, New York Life, MassMutual, Soros Fund Management, FS […]

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