{"id":38536,"date":"2021-03-08T19:02:22","date_gmt":"2021-03-08T17:02:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38536"},"modified":"2025-08-30T05:19:59","modified_gmt":"2025-08-30T02:19:59","slug":"nydig-raises-200-million-in-round-led-by-morgan-stanley-massmutual-and-other-investors","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nydig-raises-200-million-in-round-led-by-morgan-stanley-massmutual-and-other-investors\/","title":{"rendered":"NYDIG Raises $200 Million in Round Led by Morgan Stanley, MassMutual and Other Investors"},"content":{"rendered":"<p>The New York Digital Investment Group (NYDIG), a platform focused on institutional investors, closed a $200 million financing round. It was led by its parent company Stone Ridge Holdings Group.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re excited to announce a new funding round from a group of strategic partners with whom we\u2019ll be working on a variety of Bitcoin-focused initiatives. This is a testament to the increasing conviction behind <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and builds on our exciting momentum. <a href=\"https:\/\/t.co\/x4UizKEOmj\">https:\/\/t.co\/x4UizKEOmj<\/a><\/p>\n<p>\u2014 NYDIG (@NYDIG_BTC) <a href=\"https:\/\/twitter.com\/NYDIG_BTC\/status\/1368916104312193024?ref_src=twsrc%5Etfw\">March 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among strategic investors are MassMutual, Soros Fund Management, Morgan Stanley, New York Life and FS Investments. They were joined by Bessemer Venture Partners and FinTech Collective.<\/p>\n<blockquote>\n<p>\u201cNYDIG will work with these companies on strategic Bitcoin-related initiatives, including asset management, insurance, banking, clean energy, and philanthropy,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Co-founder Robert Gutmann noted that the decision by the companies to invest in the platform leaves no doubt about the institutional adoption of the first cryptocurrency.<\/p>\n<blockquote>\n<p>\u201cIn the coming months and quarters, expect a surge of innovations in Bitcoin-based products and services from NYDIG in collaboration with our new investors,\u201d said Gutmann.<\/p>\n<\/blockquote>\n<p>Earlier, NYDIG announced MassMutual <a href=\"https:\/\/forklog.com\/en\/news\/massmutual-invests-100-million-in-bitcoin\">$100 million in digital gold<\/a>. It also acquired a $5 million stake in the platform.<\/p>\n<p>In January 2021, Gutmann said that large investors <a href=\"https:\/\/forklog.com\/en\/news\/nydig-chief-says-institutions-are-only-interested-in-bitcoin\">interested only in Bitcoin<\/a> and are not paying attention to other digital assets.<\/p>\n<p>Later, founder Ross Stevens predicted that by the end of the year assets under management would grow <a href=\"https:\/\/forklog.com\/en\/news\/nydig-forecasts-assets-under-management-to-reach-25-billion\">from $6 billion to $25 billion<\/a>.<\/p>\n<p>In February, <a href=\"https:\/\/forklog.com\/en\/news\/nydig-files-to-launch-bitcoin-etf\">NYDIG filed an application<\/a> to launch an exchange-traded fund based on the first cryptocurrency.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Digital Investment Group (NYDIG), a platform focused on institutional investors, closed a $200 million financing round led by its parent company Stone Ridge Holdings Group.<\/p>\n","protected":false},"author":1,"featured_media":38537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[873,1690,1133],"class_list":["post-38536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-morgan-stanley","tag-nydig","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38536","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=38536"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38536\/revisions"}],"predecessor-version":[{"id":38538,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38536\/revisions\/38538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38537"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}