NYDIG raises $200M from strategic partners as total Bitcoin custody tops $1B

NYDIG raises $200M from strategic partners as total Bitcoin custody tops $1B

NYDIG and its strategic partners will work together on Bitcoin-related initiatives following a $200 million funding round.

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New York Digital Investment Group announced the completion of a $200-million growth capital funding round for business initiatives relating to Bitcoin (BTC). The funding round was led by NYDIG strategic partners Morgan Stanley, Stone Ridge Holdings Group, Soros Fund Management and MassMutual, among others.

NYDIG, a provider of Bitcoin-related technology and investment services, will work alongside its strategic partners in applying Bitcoin-focused solutions to the insurance, banking and clean energy industries. NYDIG’s co-founder and CEO, Robert Gutmann, said:

“The firms participating in this round are more than investors — they are partners, each well known to us for years. NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.”

Following on from a spate of high-profile Bitcoin acquisitions by various institutional entities, Gutmann said the latest partnerships were a sign that institutional adoption of Bitcoin had arrived.

“These partnerships leave no doubt that institutional adoption of Bitcoin has arrived and, further, that NYDIG is the partner of choice for serious financial services firms with the highest fiduciary and diligence standards,“ said Gutmann, adding: „In the months and quarters ahead, look out for an explosion of innovation in Bitcoin products and services delivered by NYDIG, in partnership with our new investors.”

NYDIG also announced on Monday that among life, annuity, and property and casualty insurers who utilize its platform, over $1 billion worth of Bitcoin investments are now held in its institutional custody service.

The founder and executive chairman of NYDIG, Ross Stevens, said the latest round of funding from institutional investors was good for the company and BTC. “I am thrilled by what this group of incredible investors will mean for NYDIG, but especially for Bitcoin,” said Stevens.


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NYDIG and its strategic partners will work together on Bitcoin-related initiatives following a $200 million funding round.

UC Berkeley partners with Parity Technologies to bolster blockchain curriculum

UC Berkeley partners with Parity Technologies to bolster blockchain curriculum

UC Berkeley, once known for its activism and progressive atmosphere, is now also major player in blockchain education.

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Blockchain infrastructure company Parity Technologies has joined forces with the University of California, Berkeley to strengthen the institution’s blockchain curriculum and promote adoption among students and the community. 

For the 2020–21 academic year, Parity Technologies will work with UC Berkeley’s faculty and students in curriculum preparation, project ideas and other initiatives to strengthen the blockchain learning experience. Parity will also advise students and entrepreneurs looking to launch their next blockchain startup.

The partnership centers around UC Berkeley’s Blockchain Xcelerator program, which launched in January 2019 to support new startups and create a globally competitive blockchain curriculum. Since its inception, Xcelerator has bootstrapped 45 blockchain companies, including Acala, which went on to raise $7 million in series A funding.

Parity Technologies is the company behind Polkadot, which has now become the world’s sixth-largest blockchain ecosystem by market value. It, therefore, comes as no surprise that Polkadot’s ecosystem is being promoted by Xcelerator. As part of the initiative, Polkadot co-founder Gavin Wood is scheduled to give a lecture later this month. 

Blockchain Xcelerator’s Jocelyn Weber said her group’s work with “Parity and other Polkadot ecosystem startups has demonstrated the potential of this technology in educating our community.” She stated:

“We strive to expose our students to the tools and skills they will need to enter this space and immediately start making significant contributions — which is why improving their knowledge with tools such as Substrate and networks like Polkadot will be an important part of our curriculum development.”

UC Berkeley is quietly becoming a hotbed for blockchain activity. As Cointelegraph reported, a student group at the university became the tenth-largest delegate on Uniswap in December 2020. The university has also launched an online program dedicated to blockchain applications for business, which provides an overview of digital assets and industry adoption.