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Asset/Investment Management
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
nydig.com

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Investments

11

Portfolio Exits

1

Funds

3

Partners & Customers

10

About NYDIG

NYDIG offers a full suite of institutional-grade digital asset prime brokerage, execution, and custody services.

NYDIG Headquarter Location

510 Madison Avenue 21st Floor

New York, New York, 10022,

United States

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NYDIG Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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NYDIG Rank

Research containing NYDIG

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned NYDIG in 3 CB Insights research briefs, most recently on Mar 1, 2022.

Latest NYDIG News

‘I’m all in on crypto’: Why employees are ditching their traditional paychecks

May 24, 2022

That appealed to Appleman, and she started accepting her paychecks in crypto in 2020 — just as COVID descended upon the world and cryptocurrencies crashed. At the time, she was able to purchase shares of Ethereum for less than $200; today, they have climbed to around $3,000, and she and her husband have purchased a home in New Orleans (where Gilded is based), and her husband has returned to school as a full-time student. Appleman and her husband, who have altered their financial future by embracing cryptocurrency. Courtesy of Farrah Appleman “I tell my friends not to do what I did — which was put everything into crypto and hope for the best,” Appleman says, recognizing that her experience was not the norm. “But if they’re curious, I teach them the fundamental values rather than just evangelizing. My mom’s friend, for example, put in $1,500 a few years ago, and now she has $12,000. That’s not a huge nest egg, but that’s a nice return.” Appleman is part of a fast-growing community of employees who are turning to employers to help them invest in this space, looking to gain greater control and autonomy over their money . At Gilded, payday comes in the form of USD Coin, a stablecoin that’s pegged 1:1 to the value of the U.S. dollar, therefore eliminating exposure to volatility, unlike the Bitcoins and Ethereums of the world. With each paycheck, Appleman converts only what she needs into U.S. dollars to pay her bills, and uses the rest to invest in those more volatile currencies. According to a recent survey by NYDIG, a bitcoin company and platform that provides a suite of financial products and services, 36% of employees ages 30 and under would be interested in putting a portion of their salary toward bitcoin; nearly a third of respondents would choose an employer that offers that kind of benefit over one that does not. To capitalize on that interest, NYDIG introduced a Bitcoin Savings Plan in early 2022, which employers can offer to their workforces as a company benefit. The program is bank- ing on adoption through simplicity: Getting an employee set up on the digital platform takes just about 15 minutes, and from there, each worker can choose how much of their check to convert into Bitcoin and start building their savings in digital assets. “We’re trying to make Bitcoin available to as many people as possible,” says Kelly Brewster, chief marketing officer at NYDIG. “Doing it in a form factor that makes it easy and simple is purpose-built for long-term savings.” Vantage Bank, a San Antonio-based community bank, started working with NYDIG this spring, offering the Bitcoin Savings Account program to its 464 employees. So far, about 70 have signed on, a swift sign of appeal and impact, accord- ing to the bank’s CHRO. “We’ve gone through the same challenges every other organization is facing when it comes to finding talent,” says Eric Thompson, EVP and CHRO at Vantage. “We’ve been thinking about how to bring in attractive candidates and retain our current team, and crypto has been a hot topic for a lot of our younger associates.” Beyond simplicity, Thompson says that NYDIG provides ongoing education and resources to help educate Vantage’s employees about the program, in addition to company webi- nars and town halls. That’s helped attract interest from a wide range of Vantage associates, some of whom may designate just $5 or $10 a paycheck to be diverted into this savings plan. As more employers and employees alike dabble in cryptocurrencies, continuing education will be vital to their success. “This is a fast-growing space, with a lot of terminology and hype that can confuse people,” says Tony Dhanjal, the head of tax at Koinly, a crypto tax consultancy that serve a global community of clients. “Education is key, but it’s got to be education from a credible source. For normal employ- ees and employers, you must first understand how market volatility can work, and you must also understand the tax implications. Empirical evidence suggests that a lot of CPAs and accountants are not up to speed with the cryptoverse, so look for the expertise.” Despite the infancy of the space, employees like Apple- man will never look back. She understands the risks, but feels more confident in this futuristic wave of assets and banking than she does in the status quo. “Inflation is so troubling for our generation, so if you put money in a bank account, it’s like you really are losing,” Apple- man says. “There’s a dystopian quality to life right now, and crypto is a way for my generation to not only build wealth, but change our understanding of currency. Crypto is about having power over your own wallet, and being able to transact without a middleman. I look forward to seeing what avenues of empowerment are possible with this technology.”

NYDIG Investments

11 Investments

NYDIG has made 11 investments. Their latest investment was in Impervious.ai as part of their Seed VC - II on April 4, 2022.

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NYDIG Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/14/2022

Seed VC - II

Impervious.ai

Yes

2

4/5/2022

Series B

Lightning Labs

$70M

Yes

3

3/21/2022

Series A

The TIE

$9M

Yes

2

2/9/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

9/21/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/14/2022

4/5/2022

3/21/2022

2/9/2022

9/21/2021

Round

Seed VC - II

Series B

Series A

Series A

Series A

Company

Impervious.ai

Lightning Labs

The TIE

Subscribe to see more

Subscribe to see more

Amount

$70M

$9M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

3

2

10

10

NYDIG Portfolio Exits

1 Portfolio Exit

NYDIG has 1 portfolio exit. Their latest portfolio exit was ErisX on October 20, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/20/2021

Acquired

3

Date

10/20/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

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

$99M

$15.49M

Acquired

1

4/22/2021

Subscribe to see more

$99M

Subscribe to see more

10

1/11/2021

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

10/29/2021

4/22/2021

1/11/2021

Investment Stage

Seed / Angel

Debt

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Total Funding

$15.49M

$99M

Note

Acquired

Subscribe to see more

Subscribe to see more

Sources

1

10

10

NYDIG Fund History

3 Fund Histories

NYDIG has 3 funds, including NYDIG Digital Assets Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/2/2020

NYDIG Digital Assets Fund I

$50M

1

12/2/2020

NYDIG Digital Assets Fund II

$99M

10

6/30/2020

NYDIG Institutional Bitcoin Fund

$99M

10

Closing Date

12/2/2020

12/2/2020

6/30/2020

Fund

NYDIG Digital Assets Fund I

NYDIG Digital Assets Fund II

NYDIG Institutional Bitcoin Fund

Fund Type

Status

Amount

$50M

$99M

$99M

Sources

1

10

10

NYDIG Partners & Customers

10 Partners and customers

NYDIG has 10 strategic partners and customers. NYDIG recently partnered with Jack Henry & Associates on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/10/2022

Partner

United States

NYDIG Partners With Jack Henry & Associates To Offer Bitcoin Services To Banks

Fintech software company Jack Henry & Associates , Inc. has announced a partnership with bitcoin bank , NYDIG to enable seven million banked customers access to bitcoin , in a press release sent to Bitcoin Magazine .

1

3/15/2022

Partner

Netherlands

Wolters Kluwer Compliance Solutions, in Collaboration with NYDIG, Launches Regulatory Risk Assessment Offering to Support Financial Institutions’ Bitcoin Programs

MINNEAPOLIS -- -- Wolters Kluwer , in collaboration with NYDIG , a leading Bitcoin company , has launched Bitcoin -- NYDIG Clients to provide regulatory assessments for financial institutions looking to offer their customers access to Bitcoin services provided by NYDIG .

2

1/25/2022

Partner

Flushing Bank Announces Partnership with NYDIG to Offer Bitcoin Services

25 , 2022 -- Flushing Financial Corporation , the parent holding company for Flushing Bank , today announced it has entered into an agreement with NYDIG , a leading bitcoin company , to offer bitcoin services to its customers .

2

12/15/2021

Partner

United States

Subscribe to see more

Subscribe to see more

10

11/16/2021

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

5/10/2022

3/15/2022

1/25/2022

12/15/2021

11/16/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

Netherlands

United States

United States

News Snippet

NYDIG Partners With Jack Henry & Associates To Offer Bitcoin Services To Banks

Fintech software company Jack Henry & Associates , Inc. has announced a partnership with bitcoin bank , NYDIG to enable seven million banked customers access to bitcoin , in a press release sent to Bitcoin Magazine .

Wolters Kluwer Compliance Solutions, in Collaboration with NYDIG, Launches Regulatory Risk Assessment Offering to Support Financial Institutions’ Bitcoin Programs

MINNEAPOLIS -- -- Wolters Kluwer , in collaboration with NYDIG , a leading Bitcoin company , has launched Bitcoin -- NYDIG Clients to provide regulatory assessments for financial institutions looking to offer their customers access to Bitcoin services provided by NYDIG .

Flushing Bank Announces Partnership with NYDIG to Offer Bitcoin Services

25 , 2022 -- Flushing Financial Corporation , the parent holding company for Flushing Bank , today announced it has entered into an agreement with NYDIG , a leading bitcoin company , to offer bitcoin services to its customers .

Subscribe to see more

Subscribe to see more

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Subscribe to see more

Sources

1

2

2

10

10

NYDIG Team

9 Team Members

NYDIG has 9 team members, including current Founder, Chief Executive Officer, Robert Gutmann.

Name

Work History

Title

Status

Robert Gutmann

Founder, Chief Executive Officer

Current

Ross Stevens

Founder

Current

Daniel Honig

President

Current

Yan Zhao

President

Current

Samuel Donat

Stone Ridge Asset Management, and SS&C Advent

Chief Operating Officer

Current

Name

Robert Gutmann

Ross Stevens

Daniel Honig

Yan Zhao

Samuel Donat

Work History

Stone Ridge Asset Management, and SS&C Advent

Title

Founder, Chief Executive Officer

Founder

President

President

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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