NYDIG

NYDIG is a financial services and technology firm headquartered in New York, New York, United States. It provides a range of Bitcoin solutions to institutions, private clients, banks, and fintech companies. NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann, and it is one of the largest digital asset companies in the United States by assets under custody.
NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann as New York Digital Investment Group, a subsidiary of Stone Ridge Holdings Group, parent company of a US$10 billion asset manager based in New York. In 2017, the company received a US$50 million Series A investment led by Bessemer Venture Partners. In October 2020, the company received a US$50 million growth equity round of funding, led by FinTech Collective, with Bessemer Venture Partners and Ribbit Capital participating. In December of the same year, the company received a US$5 million investment from MassMutual, at the same time MassMutual announced it had purchased US$100 million of Bitcoin for its general investment account through NYDIG.
In 2020, in an interview with Forbes, NYDIG announced that its parent company, Stone Ridge Holdings Group, held 10,000 Bitcoin for its corporate treasury, worth more than US$115 million at the time, making it the firm's primary treasury reserve asset.
In December 2020, NYDIG launched a Platform Solutions business in which it would make its digital asset platform available to banks and fintech companies looking to create Bitcoin-related products. That month, the first product was announced, a Bitcoin rewards debit card.

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