NYDIG
NYDIG, the New York Digital Investment Group, is a bitcoin focused technology and financial services firm founded in 2017 and based in New York. It provides institutional custody, execution, financing, treasury, asset management, and technology solutions for banks, insurers, corporations, and private clients. Its in house custodian is chartered and regulated by the New York Department of Financial Services and has completed SOC 1 Type 2 and SOC 2 Type 2 examinations. NYDIG states that its entities are not registered with or licensed by the SEC, FINRA, NFA, or CFTC, so it is best classified as a custodian and financial services provider rather than a securities broker dealer. It has partnered with insurers and with bank technology providers to distribute bitcoin services.
🏛 Regulatory Status
Recent News
Riot Platforms transferred 500 BTC worth about 30.7M dollars into NYDIG custody, an example of NYDIG serving large institutional bitcoin holders.