NYDIG Making Bitcoin More Accessible!

NYDIG (New York Digital Investing Group) was created by Stone Ridge, a $10 billion asset manager that is based in New York. The growing firm was in desperate need of a solution concerning traditional asset classes. Despite many attempts, it was unable to find an organization that met its needs and thus created one.It started with a custody platform for Bitcoin that also provided other services like carrying out large transactions. NYDIG caters to organizations associated with fintech, universities, investment, and consumer Retail Banks. As many banks have only recently considered and accepted cryptocurrency as an asset class, it is important to make that process very smooth and display the full potential of Bitcoin. It also lets other companies work with it to jump in on the lending market that has unraveled. Though Crypto Exchanges have made it convenient for investors to start investing right away it does come with its own set of risks. NYDIG has tackled common security concerns as its subsidiaries hold a NY BitLicense and NY Limited Purpose Trust Charter. This regulated approach sets it apart from most firms in the crypto space while making it attractive to institutional investors.