Bitcoin services provider, NYDIG became the latest crypto firm to cross the valuation of $7 billion after the company secured a massive growth equity funding of $1 billion. According to NYDIG, the recent funding will be utilized for the expansion of its institutional-grade Bitcoin platform.
WestCap, one of the most prominent growth equity firms, led the funding round. The financing round saw participation from Bessemer Venture Partners, FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life.
In addition to the development of an efficient Bitcoin platform, NYDIG aims to use the funds to enhance its team around the world. NYDIG outlined the advantages of the company’s bank solutions business in the latest press release.
“The prospects for both NYDIG and BTC have never been more exciting,” said Robert Gutmann, the Co-Founder and CEO of NYDIG. “Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible, and useful, to all.”
Bitcoin Network
Bitcoin network is evolving by the time. With that, companies need to update their services according to the latest crypto protocols, asset tokenization and smart contracts. With nearly 90% of the total BTC supply already mined, the overall demand for the crypto asset is rising substantially.
“We are leading the investment round in NYDIG because of a shared belief in the industry-reshaping power of Bitcoin and WestCap’s conviction in the NYDIG team to continue to execute on the incredible opportunity in front of them,” said Scott Ganeles, Partner at WestCap. “NYDIG plays a unique role in the industry, empowering companies of all types to incorporate BTC in a secure and compliant way. We are proud to partner with Robby and his outstanding NYDIG team as they forge new paths to accessibility and further accelerate Bitcoin adoption.”
Bitcoin services provider, NYDIG became the latest crypto firm to cross the valuation of $7 billion after the company secured a massive growth equity funding of $1 billion. According to NYDIG, the recent funding will be utilized for the expansion of its institutional-grade Bitcoin platform.
WestCap, one of the most prominent growth equity firms, led the funding round. The financing round saw participation from Bessemer Venture Partners, FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life.
In addition to the development of an efficient Bitcoin platform, NYDIG aims to use the funds to enhance its team around the world. NYDIG outlined the advantages of the company’s bank solutions business in the latest press release.
“The prospects for both NYDIG and BTC have never been more exciting,” said Robert Gutmann, the Co-Founder and CEO of NYDIG. “Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry, and this new equity capital will further accelerate progress towards making this exciting network accessible, and useful, to all.”
Bitcoin Network
Bitcoin network is evolving by the time. With that, companies need to update their services according to the latest crypto protocols, asset tokenization and smart contracts. With nearly 90% of the total BTC supply already mined, the overall demand for the crypto asset is rising substantially.
“We are leading the investment round in NYDIG because of a shared belief in the industry-reshaping power of Bitcoin and WestCap’s conviction in the NYDIG team to continue to execute on the incredible opportunity in front of them,” said Scott Ganeles, Partner at WestCap. “NYDIG plays a unique role in the industry, empowering companies of all types to incorporate BTC in a secure and compliant way. We are proud to partner with Robby and his outstanding NYDIG team as they forge new paths to accessibility and further accelerate Bitcoin adoption.”
Credit: Source link
Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
Lido Staked Ether 
Cardano 
Dogecoin 
TRON 
Toncoin 
Chainlink 
Avalanche 
Polygon 
Polkadot 
Wrapped Bitcoin 
Dai 
Litecoin 
Shiba Inu 
Uniswap 
Bitcoin Cash 
LEO Token 
OKB 
Stellar 
TrueUSD 
Monero 
Kaspa 
Ethereum Classic 
Cosmos Hub 
Cronos 
Filecoin 
Lido DAO 
Hedera 
Internet Computer 
Aptos 
NEAR Protocol 
BUSD 
THORChain 
Immutable 
Mantle 
VeChain 
Optimism 
Quant 
Aave 
Injective 
Bittensor 
Maker 
The Graph 
Arbitrum 
Rocket Pool ETH 
Render 
MultiversX 
Synthetix Network 
Algorand 
Flow 
Theta Network 
Stacks 
Bitcoin SV 
Celestia 
Axie Infinity 
The Sandbox 
Fantom 
Decentraland 
WhiteBIT Coin 
First Digital USD 
EOS 
NEO 
Bitget Token 
GALA 
KuCoin 
Kava 
USDD 
Tezos 
Mina Protocol 
XDC Network 
Frax 
Illuvium 
Pyth Network 
Klaytn 
WEMIX 
Frax Ether 
Blur 
ApeCoin 
Cheelee 
dYdX 
Gate 
Tokenize Xchange 
Sui 
Fetch.ai 
Terra Luna Classic 
eCash 
Frax Share 
Conflux 
Rocket Pool 
Radix 
Gas 
Curve DAO 
PancakeSwap 
IOTA