NYDIG Opens-Up Insurance Products with Bitcoin
NYDIG (New York Digital Investment Group) announced a new funding round around $100 million, to fund a new Bitcoin-related investment project.
The new project will offer services around Bitcoin investment for insurance and investment companies across USA. The main interests for the company are insurance products, general investment products and green energy projects.
For this reason, over the last 6 months, NYDIG has raised over $450 million from larger investors like Starr Insurance, Liberty Mutual Insurance and MassMutual.
It is worth noting that NYDIG has already made an application in the SEC for a Bitcoin ETF’s approval while it has more than $3 billion in assets under management.