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23.12 - 07:23
Bitcoin broker NYDIG's $1 billion fund-raising round could be biggest ever for crypto sector
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markets.businessinsider.comFrancesco Carta fotografo
NYDIG has raised $1 billion in what is among the largest crypto fundraises ever.
Bitcoin investment firm NYDIG's mammoth funding round catapults it to a whopping valuation of over $7 billion, per a Tuesday press release.
The company said the funding round was led by growth equity firm WestCap, along with a slate of high profile investors including Morgan Stanley and MassMutual.
«The prospects for both NYDIG and Bitcoin have never been more exciting,» said co-founder and CEO of NYDIG, Robert Gutmann in a statement.
The firm said the new capital will be applied to its «institutional-grade bitcoin platform» and integrating features such as Bitcoin Lightning payments, asset tokenization, and smart contracts.
NYDIG is
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