NYDIG head says major firms will announce Bitcoin ‘milestones’ next week

We are on the threshold of mass adoption of bitcoin, says the CEO of Bitcoin investment firm NYDIG, Robbie Gutman.

Gutman, who is also co-founder of the $10 trillion asset manager Stone Ridge, told the After Brink podcast on the 15th. In March, we can expect announcements from some of the company’s strategic partners that will radically change the traditional financial landscape.

I know that more or less starting next week you’re going to see an absolute drumbeat of some pretty big things from some of these companies.

The eighth. In March, NYDIG closed a $200 million funding round led by several major financial firms, including Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments. Other NYDIG partners include fintechs Kasasa, Nymbys and Moven.

Gutman did not specify which partners would make the announcements, but suggested that the news could include Bitcoin becoming available to the general public, as well as other products and services.

Interestingly, one of the products NYDIG offers to corporate partners is called Corporate Treasury, which refers to a suite of treasury solutions specifically designed to let companies hold bitcoin.

The [Announcements] will gradually mark new points in the acceptance of bitcoin, the availability of bitcoin, bitcoin products and services in the existing traditional financial landscape.

Last month, NYDIG filed documents with the U.S. Securities and Exchange Commission to launch a new bitcoin exchange-traded fund (BTC).

The company currently controls over $3 billion in digital assets.

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