Stock Groups

NYDIG raises $1B in funding, valuation now $7B -Breaking

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New York Digital Investment Group (NYDIG), a financial institution that specializes in financial services, such as trading brokerages and savings accounts, will open its doors Tuesday. AnnouncementIt had received a $1B equity investment from WestCap. This funding puts its value at almost $7 billion.

This firm is a favorite among institutional investors. Stone Ridge was a recipient of the prestigious Institutional Investors Choice Award in 2011. Manager of assets worth $10 billionA friend purchased 10,000 BitcoinsBTCNYDIG offers its services. NYDIG will also bring BTC adoption over Credit unions and U.S. banks: 650As well as the launch of BTC trading 18 million U.S. banks customersNYDIG launched two new funding rounds in the past year, and continues to do so. 100 million dollars raised in April In March, $200 millions, respectively.