Morgan Stanley, Soros back NYDIG $200m funding. Insurers bought $1 billion in Bitcoin
NYDIG is a regulated custodian and prime brokerage, which was set up by Stone Ridge in 2017 when it couldn’t find institutional-grade services. The startup grabbed headlines in early December when MassMutual said it invested $5 million and had bought $100 million Bitcoin using NYDIG solutions. Today NYDIG said that through its platform, life, annuity, and property & casualty insurers own or have exposure to $1 billion in Bitcoin.
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