MassMutual and New York Life are among the investors that co-led a $200m funding round for the Bitcoin-focused technology and services provider.
US-based digital currency technology provider Nydig secured $200m yesterday in a growth financing round co-led by insurance providers MassMutual and New York Life.
The corporates co-led the round with Nydig’s parent company, asset manager Stone Ridge Holdings, as well as investment bank Morgan Stanley, Soros Fund Management and FS Investments. The round additionally featured Bessemer Venture Partners (BVP) and FinTech Collective.
Founded in 2017, Nydig operates a secure, audited and insured custody platform where institutional clients can hold the digital…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
