Crypto News

NYDIG head says major firms will announce Bitcoin ‘milestones’ next week

We are on the brink of Bitcoin’s mass adoption, says the CEO of Bitcoin investment firm NYDIG Robby Gutmann. 

Gutmann, also the co-founder of $10B asset manager Stone Ridge, told the “On the Brink” podcast on Mar. 15 that we can expect to see announcements from some of the firm’s strategic partners that will drastically change the traditional financial landscape.

“I know starting more or less next week, you’re going to see an absolute drumbeat of pretty game-changing milestones from some of these firms.”

On March 8, NYDIG completed a $200 million growth capital round led by multiple major finance firms including Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments. Other NYDIG partners include fintech firms Kasasa, Nymbys, and Moven.

Gutmann didn’t say which partners will be making announcements but hinted that the news could involve providing greater access to Bitcoin for the wider public as well as other products and services.

Interestingly, one of the products NYDIG offers to partner firms is called ‘Corporate Treasury’, entailing a suite of treasury solutions purpose-built to enable corporations to hold Bitcoin.

“[The announcements] are going to mark progressively new points in Bitcoin adoption, Bitcoin availability, Bitcoin products and services within the existing traditional financial landscape.”

Last month, NYDIG submitted paperwork with the United States Securities and Exchange Commission to launch a new Bitcoin (BTC) exchange-traded fund.

Currently, the firm controls more than $3 billion in digital assets.

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