NYDIG Eyes Bitcoin Dominance As The Company Announces Another Successful Funding Round Led By WestCap

NYDIG, a subsidiary of Stone Ridge and emerging crypto leader, just completed a massive $1 billion funding round that has raised the company’s total valuation to just over $7 billion. 

By Andrew Senior
December 15th, 2021

In a press release this morning, NYDIG confirmed the amount of funds raised and revealed that WestCap was the leader of the latest monetary injection with FIS, MassMutual, Bessemer Venture Partners, Fiserv, Morgan Stanley, New York Life, and others also contributing funds. 

The co-founder and CEO of NYDIG, Robert Gutmann recently expanded on the latest round of funding and the companies that were making commitments. Gutmann pointed out that the new partnerships were based on mutually strategic benefits and that they would lay the foundation. For NYDIG to become the leading provider of Bitcoin solutions in the industrial and business space. 

NYDIG also outlined their future ambitions in this morning’s press release, sharing their vision to revamp and improve their institutional-grade Bitcoin platform via asset tokenization, contracts, and integrating Bitcoin/lightning payments.

NYDIG has been the beneficiary of several highly successful funding rounds during the past year. In March they raised $200 million in a round that was led by Morgan Stanley, New York Life and MassMutual and by April NYDIG had raised another $100 million. After their latest funding round, NYDIG appears ready to take off and push the institutional adoption of Bitcoin into overdrive.

Disclaimer: The information above does not constitute investment, financial, trading or any other sort of advice and you should not treat any of the content on this site such. We do not recommend the purchase, sale, or holding of any cryptocurrency or other product. None of our content should be deemed as an offer to purchase, sell, or hold a cryptocurrency or other product or service. Please consider doing your own research and prioritize consulting a certified financial professional before making any investment decisions.

One thought on “NYDIG Eyes Bitcoin Dominance As The Company Announces Another Successful Funding Round Led By WestCap

Comments are closed.