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NYDIG's mission is to make it easy for its partners to white label Bitcoin-driven financial solutions and create their own products such as bitcoin accounts, rewards, and loyalty programs.
90% employee growth in 12 months
Great interest has been shown in Bitcoin over the last decade for its use of decentralized blockchain technology, its lucrative nature, and security benefits, but its real-world financial applications are currently limited. This is primarily due to companies lacking the infrastructure to offer Bitcoin financial services to their customers, in addition to lacking the security guarantees that come with institutional-grade finance solutions.
NYDIG develops Bitcoin-driven financial services to allow banks, Fintechs, investment firms, insurance companies, and corporations to create white-label Bitcoin products for its customers. The company achieves this by providing a Bitcoin-driven insured custodian service, a network of global liquidity providers, crypto-specific compliance and governance, in addition to financial stability and analytic services usually associated with traditional financial payment systems.
Whilst Bitcoin is already accessible for any business to utilize, NYDIG has been smart to recognize the insecurities associated with the cryptocurrency, addressing them with an all-in-one suite of infrastructural tools. In addition to its standardized product suite, the company also provides the modular tools required for the bespoke creation of Bitcoin-driven financial products.
Steph
Company Specialist at Welcome to the Jungle
Dec 2021
$1bn
LATE VC
Apr 2021
$100m
GROWTH EQUITY VC
This company has top investors
Robert Gutmann
(CEO)Experience as Vice President of RBC Capital Markets from 2010 to 2012. Co-founder of Stone Ridge Asset Management since 2012.