
NYDIG
Investments
14Portfolio Exits
1Funds
3Partners & Customers
10About NYDIG
NYDIG provides digital financial services. It offers a full suite of institutional-grade digital asset prime brokerage, execution, and custody services. The company serves banking, insurance, mining, corporation, and other sectors. It was founded in 2017 and is based in New York, New York.
Research containing NYDIG
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned NYDIG in 8 CB Insights research briefs, most recently on Mar 3, 2023.



Mar 1, 2022 report
The Blockchain 50: The top blockchain companies of 2022
Oct 19, 2021 report
Coinbase Strategy Teardown: How Coinbase Grew Into The King Midas Of CryptoLatest NYDIG News
Oct 8, 2023
AMBCrypto 2min Read NYDIG said BTC’s Q3 was not surprising because of the rising concerns about the economic downturn and rising interest rates. But the halving potential, like previous cycles, remains potent. Posted: All eyes would be on the Bitcoin ETF outcome in Q4. For the past few months, a lot of Bitcoin [BTC] holders considered the decision on the ETF applications as the possible catalyst that could shoot the king coin to parabolic price levels. However, that has not been the situation. This is because the regulators involved have chosen to delay the applications until they deem fit. Despite that, BTC’s Year-To-Date (YTD) performance has remained at an impressive 63.3% increase. Bitcoin strategy fund New York Digital Investment Group (NYDIG), in its Q3 review of the market, considered the performance as great, especially as Bitcoin outperformed every other asset class. The scenario won’t change As AMBCrypto reported earlier, the coin’s 11% decrease in Q3 was a bit disappointing. NYDIG, however, said it was not surprising because there were rising concerns about the economic downturn and rising interest rates. Regardless of the current events, the asset management company noted that next year’s Bitcoin halving is still the major facet that could influence BTC’s price action. Source: NYDIG By April 2024, the halving will bring down the block reward from 6.25 BTC to 3.125 BTC at exactly 840,000 block. According to NYDIG, the halving remains a significant factor from an economic perspective, noting that, “By repeatedly halving the supply function, Bitcoin will eventually reach a point in 2140 where it can no longer be divided in half. This will effectively halt the growth in the number of bitcoins, an important part of Bitcoin’s “controlled supply” function.” The ETF is also important Price-wise, the firm also mentioned that that having would continue the pattern registered in previous cycles. For example, after the 2016 halving, BTC rose from 1,700 to over 15,000 months later. The scenario wasn’t exactly different in 2012 and 2020 also. NYDIG also mentioned how the November 2021 drawdown was similar to the experience of the 2018-2019 cycle. Source: NYDIG The report further added that the 2023 was already showing signs of the rebound that happened in in 2019. NYDIG explained that, “While 2023 looks a lot like 2019, it hasn’t experienced such a significant retracement. Nevertheless, it is important to emphasize the repetitive cyclical nature because Bitcoin appears to follow the path set by the previous two cycles.” Nonetheless, NYDIG noted that its insistence on halving as a catalyst does not negate the influence the Bitcoin ETF approval may have. It also mentioned that the litigation between Grayscale and the SEC, as well as the final decision on the ETF applications, could either make or mar BTC. The report read, “As we head into the fourth quarter, all eyes are focused on legal proceedings and the industry’s concerted efforts to gain approval for spot bitcoin trading in the US.” Share
NYDIG Investments
14 Investments
NYDIG has made 14 investments. Their latest investment was in Unchained Capital as part of their Series B on April 4, 2023.

NYDIG Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/18/2023 | Series B | Unchained Capital | $30M | No | 5 | |
3/16/2023 | Seed VC | Wolf | Yes | 1 | ||
4/14/2022 | Seed VC - II | Impervious.ai | Yes | CoinShares, Fundamental Labs, Low Time Preference Fund, Strategic Cyber Ventures, Trammell Venture Partners, and Undisclosed Investors | 2 | |
4/5/2022 | Series B | |||||
3/21/2022 | Series A |
Date | 4/18/2023 | 3/16/2023 | 4/14/2022 | 4/5/2022 | 3/21/2022 |
---|---|---|---|---|---|
Round | Series B | Seed VC | Seed VC - II | Series B | Series A |
Company | Unchained Capital | Wolf | Impervious.ai | ||
Amount | $30M | ||||
New? | No | Yes | Yes | ||
Co-Investors | CoinShares, Fundamental Labs, Low Time Preference Fund, Strategic Cyber Ventures, Trammell Venture Partners, and Undisclosed Investors | ||||
Sources | 5 | 1 | 2 |
NYDIG Portfolio Exits
1 Portfolio Exit
NYDIG has 1 portfolio exit. Their latest portfolio exit was ErisX on October 20, 2021.
NYDIG Acquisitions
3 Acquisitions
NYDIG acquired 3 companies. Their latest acquisition was Bottlepay on October 29, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/29/2021 | Seed / Angel | $15.49M | Acquired | 2 | ||
4/22/2021 | ||||||
1/11/2021 | Debt |
Date | 10/29/2021 | 4/22/2021 | 1/11/2021 |
---|---|---|---|
Investment Stage | Seed / Angel | Debt | |
Companies | |||
Valuation | |||
Total Funding | $15.49M | ||
Note | Acquired | ||
Sources | 2 |
NYDIG Fund History
3 Fund Histories
NYDIG has 3 funds, including NYDIG Institutional Bitcoin Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/3/2022 | NYDIG Institutional Bitcoin Fund | $720M | 1 | ||
12/2/2020 | NYDIG Digital Assets Fund I | ||||
12/2/2020 | NYDIG Digital Assets Fund II |
Closing Date | 10/3/2022 | 12/2/2020 | 12/2/2020 |
---|---|---|---|
Fund | NYDIG Institutional Bitcoin Fund | NYDIG Digital Assets Fund I | NYDIG Digital Assets Fund II |
Fund Type | |||
Status | |||
Amount | $720M | ||
Sources | 1 |
NYDIG Partners & Customers
10 Partners and customers
NYDIG has 10 strategic partners and customers. NYDIG recently partnered with First Community Credit Union (MO) on July 7, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/27/2022 | Client | First Community Credit Union to offer bitcoin purchasing, selling `` NYDIG 's strong security and practices aligned with FCCU which made the decision to partner with NYDIG one we are confident in . | 1 | ||
7/27/2022 | Client | United States | First Community Credit Union to offer bitcoin purchasing, selling `` NYDIG is proud to partner with FCCU to offer Bitcoin services to its members in the Lone Star State , '' Rahm McDaniel , head of banking solutions , NYDIG , said in the release . | 1 | |
7/18/2022 | Partner | United States | Southland Credit Union Launches Mobile Cryptocurrency Service Alongside $5 Bitcoin Promotion LOS ALAMITOS , Calif. -- -- Southland , a billion-dollar credit union , today announced the company 's partnership with NYDIG , a leading bitcoin company . | 2 | |
7/18/2022 | Partner | ||||
7/14/2022 | Client |
Date | 7/27/2022 | 7/27/2022 | 7/18/2022 | 7/18/2022 | 7/14/2022 |
---|---|---|---|---|---|
Type | Client | Client | Partner | Partner | Client |
Business Partner | |||||
Country | United States | United States | |||
News Snippet | First Community Credit Union to offer bitcoin purchasing, selling `` NYDIG 's strong security and practices aligned with FCCU which made the decision to partner with NYDIG one we are confident in . | First Community Credit Union to offer bitcoin purchasing, selling `` NYDIG is proud to partner with FCCU to offer Bitcoin services to its members in the Lone Star State , '' Rahm McDaniel , head of banking solutions , NYDIG , said in the release . | Southland Credit Union Launches Mobile Cryptocurrency Service Alongside $5 Bitcoin Promotion LOS ALAMITOS , Calif. -- -- Southland , a billion-dollar credit union , today announced the company 's partnership with NYDIG , a leading bitcoin company . | ||
Sources | 1 | 1 | 2 |
NYDIG Team
10 Team Members
NYDIG has 10 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Robert Gutmann | Founder | Current | |
Name | Robert Gutmann | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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