{"id":32697,"date":"2020-12-02T12:12:18","date_gmt":"2020-12-02T10:12:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32697"},"modified":"2025-08-28T10:00:36","modified_gmt":"2025-08-28T07:00:36","slug":"bitlicense-creator-linked-firm-raises-150m-across-two-new-bitcoin-funds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitlicense-creator-linked-firm-raises-150m-across-two-new-bitcoin-funds\/","title":{"rendered":"BitLicense creator-linked firm raises $150m across two new Bitcoin funds"},"content":{"rendered":"<p>The New York Digital Investment Group (NYDIG), an asset-management firm, raised $150 million across two new Bitcoin funds aimed at institutional investors.<!--more--><\/p>\n<p>According to filings with the U.S. Securities and Exchange Commission (SEC), <a href=\\\"https:\/\/sec.report\/Document\/0001832312-20-000001\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">NYDIG Digital Assets Fund I<\/a> received $50 million, and <a href=\\\"https:\/\/sec.report\/Document\/0001832990-20-000001\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">NYDIG Digital Assets Fund II<\/a> $100 million.<\/p>\n<p>Both are launched as a pooled investment vehicle allowing multiple investors. This structure simplified fundraising under <a href=\\\"https:\/\/ru.qwe.wiki\/wiki\/Regulation_D_(SEC)#Rule_506\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Regulation D (Rule 506)<\/a>, which does not require SEC registration.<\/p>\n<p>The $50 million in NYDIG Digital Assets Fund I came from two investors. All $100 million invested in NYDIG Digital Assets Fund II came from a single large client.<\/p>\n<p><a href=\\\"https:\/\/www.coindesk.com\/nydig-bitcoin-funds-institutional\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">CoinDesk<\/a> <a href=\\\"https:\/\/www.coindesk.com\/nydig-bitcoin-funds-institutional\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">\u0441\u043e\u043e\u0431\u0449\u0438\u043b\u0438<\/a> that the first fund invests exclusively in the first cryptocurrency. Information on the strategy of the second Bitcoin fund was not available at the time of publication.<\/p>\n<p>NYDIG is linked to Ben Loski, the creator of the BitLicense for virtual currency activity in New York (BitLicense).<\/p>\n<p>From 2011 to 2015 he served as Director of the New York Department of Financial Services (NYDFS), leaving the post soon after the launch of BitLicense. At the time, he faced allegations of conflicts of interest due to his work at the consulting firm named after him, which helped cryptocurrency companies engage with the regulator.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"Q2gqELdEyp\\\">\n<p>BitLincense \u043a\u0430\u043a \u043f\u0440\u0438\u043c\u0435\u0440 \u0442\u0440\u0443\u0434\u043d\u043e\u0441\u0442\u0438 \u043a\u043e\u043c\u043f\u0440\u043e\u043c\u0438\u0441\u0441\u0430 \u043c\u0435\u0436\u0434\u0443 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u0430\u043c\u0438 \u0438 \u043a\u0440\u0438\u043f\u0442\u043e\u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f\u043c\u0438<\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cBitLincense \u043a\u0430\u043a \u043f\u0440\u0438\u043c\u0435\u0440 \u0442\u0440\u0443\u0434\u043d\u043e\u0441\u0442\u0438 \u043a\u043e\u043c\u043f\u0440\u043e\u043c\u0438\u0441\u0441\u0430 \u043c\u0435\u0436\u0434\u0443 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u0430\u043c\u0438 \u0438 \u043a\u0440\u0438\u043f\u0442\u043e\u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f\u043c\u0438\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/forklog.com\/exclusive\/bitlincense-kak-primer-trudnosti-kompromissa-mezhdu-regulyatorami-i-kriptokompaniyami\/embed#?secret=9uVK9NMklH#?secret=Q2gqELdEyp\\\" data-secret=\\\"Q2gqELdEyp\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>In 2017, Loski joined the Ripple board of directors, where he began overseeing efforts to promote the payment platform and the XRP token.<\/p>\n<p>In October, amid growing institutional investor interest in cryptocurrency, NYDIG <a href=\"https:\/\/forklog.com\/en\/news\/stone-ridge-holdings-group-nydigs-parent-buys-10000-btc\">received<\/a> $50 million in funding. The firm also purchased and held 10,000 BTC (about $114 million at the then-current rate) for its parent Stone Ridge Holdings Group.<\/p>\n<p>In July, NYDIG raised $105 million for the NYDIG Institutional Bitcoin Fund.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Digital Investment Group (NYDIG), an asset-management firm, raised $150 million across two bitcoin funds targeting institutional investors.<\/p>\n","protected":false},"author":1,"featured_media":32698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2040,1156,1690],"class_list":["post-32697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ben-loski","tag-institutional-investors-and-whales","tag-nydig"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32697"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32697\/revisions"}],"predecessor-version":[{"id":32699,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32697\/revisions\/32699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32698"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}