{"id":40416,"date":"2021-04-08T16:54:08","date_gmt":"2021-04-08T13:54:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40416"},"modified":"2025-08-30T14:02:12","modified_gmt":"2025-08-30T11:02:12","slug":"nydig-raises-100-million-from-insurers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nydig-raises-100-million-from-insurers\/","title":{"rendered":"NYDIG raises $100 million from insurers"},"content":{"rendered":"<p>New York Digital Investment Group (NYDIG), a platform focused on major players, attracted an additional $100 million in funding.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited about these new strategic partnerships that will expand our presence to new sectors of the global insurance industry. NYDIG&#8217;s Insurance Solutions practice, led by Mike Sapnar, will focus on driving the success of these efforts. More info: <a href=\"https:\/\/t.co\/LkIgOrewQy\">https:\/\/t.co\/LkIgOrewQy<\/a><\/p>\n<p>\u2014 NYDIG (@NYDIG_BTC) <a href=\"https:\/\/twitter.com\/NYDIG_BTC\/status\/1380135465546833920?ref_src=twsrc%5Etfw\">April 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The platform was backed by insurers Starr Insurance, Liberty Mutual Insurance, and other market participants. They joined a group of strategic partners, including New York Life and MassMutual.<\/p>\n<p>NYDIG also hired former TransRe head Mike Sapnar as head of the Insurance Solutions division. The unit will focus on developing products and services based on Bitcoin, the first cryptocurrency.<\/p>\n<p>In December 2020, MassMutual, the oldest insurer in the United States, invested <a href=\"https:\/\/forklog.com\/en\/news\/massmutual-invests-100-million-in-bitcoin\">$100 million<\/a> in digital gold. MassMutual also acquired a $5 million stake in the platform.<\/p>\n<p>Earlier in March 2021, NYDIG attracted <a href=\"https:\/\/forklog.com\/en\/news\/nydig-raises-200-million-in-round-led-by-morgan-stanley-massmutual-and-other-investors\">$200 million<\/a> in a round backed by Morgan Stanley, MassMutual, Soros Fund Management, New York Life and other investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Digital Investment Group (NYDIG), a platform aimed at major players, attracted an additional $100 million in funding.<\/p>\n","protected":false},"author":1,"featured_media":40417,"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":[52,1690],"class_list":["post-40416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-nydig"],"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\/40416","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=40416"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40416\/revisions"}],"predecessor-version":[{"id":40418,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/40416\/revisions\/40418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/40417"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=40416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=40416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=40416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}