NYDIG provides industrial-grade cold storage custody and a vertically integrated bitcoin infrastructure to ensure the security and integrity of the Bitcoin network. The company offers bespoke financial services tailored for institutional investors, addressing the need for reliable and compliant bitcoin financial solutions across various industries.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutional investors face challenges in securely storing and managing Bitcoin assets due to the complexities of private key management and the need for regulatory compliance. Existing custody solutions may lack the robust infrastructure and operational expertise required to meet institutional standards for security, auditability, and risk management.
Solution
NYDIG provides a vertically integrated Bitcoin financial services platform, offering institutional-grade custody, execution, and advisory services. Their core offering is a 100% cold storage custody solution, ensuring the secure management of Bitcoin assets through geographically distributed vaults and multi-signature authorization schemes. NYDIG's platform also includes trading and lending services, enabling institutions to actively manage their Bitcoin holdings while adhering to strict regulatory and compliance requirements. By combining secure infrastructure with financial expertise, NYDIG aims to bridge the gap between traditional finance and the Bitcoin ecosystem.
Target Audience
NYDIG primarily serves institutional investors, including asset managers, hedge funds, corporations, and banks, seeking secure and compliant Bitcoin financial solutions.
Features
- 100% cold storage custody with geographically distributed vaults and multi-signature authorization
- SOC 1 Type II and SOC 2 Type II audits to ensure operational controls and security
- Institutional-grade trading and execution services with API connectivity
- Lending and financing solutions for Bitcoin-backed loans and yield generation
- Regulatory compliance with KYC/AML requirements and reporting standards
- Bespoke financial services tailored for institutional investors
- Research and analytics to inform investment strategies