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NYDIG is a US bitcoin-focused financial services and technology firm providing institutional custody, trading, and bitcoin-related asset management.

Last updated October 29, 2026

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Nov 4, 2026
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Nov 4, 2026

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Overview

NYDIG (New York Digital Investment Group) is an American financial services and technology company focused on bitcoin. It was founded in 2017 and is part of Stone Ridge Holdings Group, the asset management holding company whose affiliated businesses include the mutual fund manager Stone Ridge Asset Management. NYDIG's business is built around institutional access to bitcoin: it provides bitcoin custody, execution and trading services, and it works with banks, insurers, corporations, and asset managers that want to offer or hold bitcoin exposure. The firm also manages bitcoin-related investment vehicles and has been an active participant in the development of regulated bitcoin products in the United States. NYDIG's positioning is that of an institutional-grade infrastructure provider rather than a consumer exchange. It emphasizes regulated custody, insurance-backed arrangements, and partnerships with established financial institutions, and it has pursued arrangements that let banks and other regulated entities offer bitcoin to their clients without building the technology themselves. The company has also been involved in bitcoin mining finance and in energy-related bitcoin ventures, reflecting a strategy of building a broad bitcoin financial ecosystem. Ownership sits with Stone Ridge Holdings Group, a privately held group, so NYDIG itself is not separately listed on a stock exchange. Its leadership has been closely associated with Stone Ridge's founder, and the firm has been a prominent voice in US policy debates about bitcoin, custody, and banking access to digital assets. NYDIG's brand is therefore tied to institutional bitcoin adoption: it sells trust, compliance, and infrastructure to financial firms rather than retail trading apps.

History

NYDIG was established in 2017 as the digital assets arm associated with Stone Ridge Holdings Group, the holding company behind the asset manager Stone Ridge Asset Management. From its base in New York, the firm set out to serve institutional clients rather than retail traders, building bitcoin custody and execution capabilities and offering bitcoin-related investment strategies to professional investors. Through the late 2010s and early 2020s, NYDIG expanded its institutional offering, working with banks, insurers, and corporations seeking regulated exposure to bitcoin. It became known for arrangements intended to let regulated financial institutions offer bitcoin services to their customers, and it built out custody and trading infrastructure aimed at meeting institutional compliance requirements. The firm also moved into bitcoin mining finance, supporting mining operators and linking bitcoin production to energy markets. NYDIG has been an active participant in US policy and regulatory discussions around digital assets, custody, and banking access to bitcoin, and its leadership has been a visible voice in those debates. Its ownership under privately held Stone Ridge means the brand operates as a subsidiary rather than a separately listed company. Today NYDIG presents itself as an institutional bitcoin platform combining custody, trading, asset management, and related services.

  • 2017

    Founded as the digital assets business associated with Stone Ridge Holdings Group

  • Expanded institutional bitcoin custody and trading services for banks, insurers, and corporations

  • Moved into bitcoin mining finance and energy-linked bitcoin ventures

Products and positioning

Institutional-grade bitcoin infrastructure and asset management, emphasizing regulated custody and partnerships with banks and insurers.

  • Institutional bitcoin custody

    Regulated custody arrangements for institutional bitcoin holdings.

  • Bitcoin trading and execution

    Execution services for institutional bitcoin transactions.

  • Bitcoin asset management

    Bitcoin-related investment vehicles and strategies for professional investors.

  • Bitcoin mining finance

    Financing and support for bitcoin mining operators.

Recent events

  • Reported

    BitGo Holdings acquires NYDIG's institutional trading business[2]

    BitGo Holdings acquired NYDIG's institutional trading business and related assets, expanding its institutional markets platform and financing and derivatives capabilities. About 30 NYDIG employees joined BitGo, and NYDIG will focus on its data-center development business. Financial terms were not disclosed.

  • Reported

    Idaho Central Credit Union implements bitcoin services[3]

    Idaho Central Credit Union implemented bitcoin services through NYDIG and the Alkami Platform, allowing members to buy and sell bitcoin through its mobile app and online banking platform.

  • Reported

    NYDIG announces $1 billion equity investment[4]

    NYDIG announced it had secured a $1 billion equity investment led by WestCap, placing its valuation at nearly $7 billion.

  • Reported

    Landry’s announces Bitcoin rewards partnership with NYDIG[5]

    Landry’s announced a partnership with NYDIG to power a Bitcoin loyalty rewards program for Landry’s Select Club members, who will be able to earn Bitcoin points when dining at its locations. The program was planned to begin soon.

  • Unconfirmed

    Reported

    NYDIG completes acquisition of Bottlepay[6]

    NYDIG acquired Bottlepay; the article says the financial terms were undisclosed. NYDIG said it would integrate Bottlepay's Lightning network into its system following the acquisition.

  • Reported

    NYDIG announces acquisition of Bottlepay[7]

    NYDIG announced its acquisition of U.K.-based micropayment service Bottlepay for an estimated $280 million to $300 million.

  • Reported

    U.S. Bank makes cryptocurrency custody service available[8]

    U.S. Bank announced that its cryptocurrency custody service was available to fund managers, supporting bitcoin, bitcoin cash and litecoin with NYDIG as sub-custodian. The service is for institutional managers with private funds in the U.S. or Cayman Islands.

  • Reported

    Allied Payment Network partners with NYDIG[9]

    Allied Payment Network announced a partnership with NYDIG to enable financial institutions to offer customers the ability to buy, sell and hold bitcoin. Allied also announced an allocation to bitcoin for its corporate treasury, facilitated by NYDIG.

  • Reported

    NYDIG and FIS announce Bitcoin banking partnership[10]

    NYDIG announced a strategic partnership with Fidelity National Information Services (FIS) to bring Bitcoin services to U.S. bank accounts.

  • Reported

    Morgan Stanley announces planned bitcoin fund access service[11]

    Morgan Stanley told financial advisers that it was connecting to three funds to enable eligible clients to hold bitcoin; the service was expected to open in April.

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