NYDIG makes Bitcoin easier to obtain! | Author: Dwayne D’cunha | The Capital | June 2021

NYDIG (New York Digital Investment Group) was founded by Stone Ridge, a $10 billion asset management company based in New York. This growing company desperately needs solutions related to traditional asset classes. Despite many attempts, they failed to find an organization that met their needs, so an organization was created.

It started as a Bitcoin custody platform that also provides other services, such as conducting large transactions. NYDIG caters to organizations related to financial technology, universities, investment and consumer retail banking. Since many banks have only recently considered and accepted cryptocurrency as an asset class, it is important to make the process very smooth and realize the full potential of Bitcoin. It also allows other companies to cooperate with it and enter the disintegrated loan market. Although cryptocurrency exchanges provide convenience for investors to start investing immediately, it does bring a series of risks. NYDIG has solved common security issues because its subsidiaries hold NY BitLicense and the New York Limited Purpose Trust Charter. This regulated approach distinguishes it from most companies in the crypto space, while making it attractive to institutional investors.

Leave a Reply

Your email address will not be published. Required fields are marked *