Institutional Bitcoin Provider NYDIG Announces Minority Stake Purchase by MassMutual
NYDIG, a leading provider of institutional investment and technology solutions for Bitcoin, announced that Massachusetts Mutual Life Insurance Company (MassMutual) has purchased a minority stake in the company.
Along with a $5 million equity investment in NYDIG, MassMutual has also purchased $100 million in Bitcoin for its general investment account in a transaction facilitated by NYDIG. The firm’s Bitcoin position is held on NYDIG’s secure, audited, and insured custody platform.
Robert Gutmann, co-founder and CEO of NYDIG, said, “The strategic equity investment of MassMutual underscores NYDIG’s role as the leading provider of Bitcoin solutions to institutions, banks, and private clients. It also accelerates our white-label business segment, which provides bespoke implementations of our core custody, execution, financing, and AML/KYC capabilities to a rapidly expanding group of large financial institutions.” With respect to MassMutual’s purchase of Bitcoin, Gutmann added, “We are proud of this incredible moment in the history of both Bitcoin and the insurance industry. This reflects the expansion of Bitcoin to insurance company general investment accounts, as well as NYDIG’s unique ability to meet the complex needs of the most demanding institutional investors.”
Recommended AI News: Noyo and Namely Partner to Power Seamless, Accurate Connections with Leading Insurance Carriers
MassMutual’s equity investment comes during a period of substantial growth for NYDIG, which now has over $2.3 billion of digital asset balances under custody – including for a growing list of leading insurance company general investment accounts.
MassMutual, a highly-rated, leading mutual life insurance company, has operated since 1851 with a singular purpose: helping people secure their future and protect the ones they love. Tim Corbett, Chief Investment Officer of MassMutual said, “We believe that having an equity stake in NYDIG as well as a Bitcoin position in our general investment account will help us deliver long-term value to our policyowners. We look forward to further exploring additional ways to work with NYDIG, consistent with our ongoing focus on innovation and diversification.”
Recommended AI News: Fortanix Launches Cloud Key Manager to Secure Private Data as Businesses Migrate to Public Cloud
Ross Stevens, founder and Executive Chairman of NYDIG and founder and CEO of Stone Ridge Holdings Group, NYDIG’s parent company, said, “MassMutual has been a phenomenal company to work with across Stone Ridge’s broad investment platform. Given their track record of innovation, there is nothing surprising to me about MassMutual leading their industry yet again by both seeing, and acting on, the long-term value of the Bitcoin monetary risk premium for their policyowners.”
Stevens continued, “Since 2012 at Stone Ridge, and since 2017 at NYDIG, we have been quietly building our portfolio of business arks ahead of the no-yield flood, which is now in the early innings of submerging the world. Bitcoin – asymptotically unprintable sound money with an uncorrelated risk premium – is a cornerstone of our practice. To help NYDIG support the next leg of Bitcoin’s journey, I could not have dreamed of a better company to work with than MassMutual. Their enduring focus on delivering safety, security, and responsible innovation to their policyowners and their families has long inspired all of us at Stone Ridge and NYDIG, and, I believe, now will inspire the broader Bitcoin community.”
Recommended AI News: Geoverse Launches Network as a Service to Power Private Cellular Networks Via CBRS
Face off against players from around the globe. Lucky Cola
Copper scrap buyers Recycled copper materials Metal scrap utilization
Copper cable separation, Metal utilization, Copper hydroxide scrap buyer
Fast reflexes, sharp mind – it’s time to game Hawkplay
Hey there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to
rank for some targeted keywords but I’m not seeing very good gains.
If you know of any please share. Appreciate it! I saw similar
article here: Warm blankets
I bribe my pal to reap some of the theft riches earlier than I flip my friend in to gather the reward cash.
After checking out a handful of the blog posts on your site, I honestly appreciate your technique of blogging. I book-marked it to my bookmark webpage list and will be checking back in the near future. Please check out my website as well and tell me how you feel.
I would like to thank you for the efforts you’ve put in penning this blog. I’m hoping to view the same high-grade content from you later on as well. In truth, your creative writing abilities has motivated me to get my very own website now 😉
Good day! I could have sworn I’ve been to this site before but after going through a few of the posts I realized it’s new to me. Anyhow, I’m certainly happy I discovered it and I’ll be bookmarking it and checking back regularly.
I blog often and I genuinely thank you for your information. This article has really peaked my interest. I will take a note of your site and keep checking for new details about once per week. I subscribed to your RSS feed as well.
<a href="http://www.byqp.com/link/link.asp?id=13
I could not resist commenting. Well written!
So, are you able to waltz into your native dealership and decide up a monitor-ready journey?
Great post. I’m experiencing many of these issues as well..
5. Superior Perks: The travel and tourism trade gives some actually cool perks to its workers.
Cornered, the Eighth Brother then tried to escape, but his lightsaber had been broken in the course of the battle and exploded in his fingers when he tried to make use of it to fly away, inflicting him to fall to his death.
The trends have changed for the nice; Immediately, the exclusive and the popular merge in on-line procuring web portals!
저는 인터넷 카지노에서 즐겁게 플레이해요.
온라인 카지노의 재미있는 게임을 경험하고 싶으신 분들, 지금 바로 최고의 카지노 플랫폼을 확인해보세요. 에볼루션 카지노에서 특별한 경험를 만나보실 수 있습니다.
This is a very good tip especially to those fresh to the blogosphere. Simple but very precise info… Appreciate your sharing this one. A must read article!
It’s my first time here, and I’ve discovered many captivating topics in the c*****, especially in the discussions. The multitude of comments on your articles suggests I’m not alone in my enjoyment. Keep it up!online poker real money
After I originally left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I receive 4 emails with the same comment. Is there an easy method you can remove me from that service? Thanks a lot.
I’m amazed, I have to admit. Seldom do I encounter a blog that’s equally educative and interesting, and let me tell you, you have hit the nail on the head. The issue is something that too few men and women are speaking intelligently about. Now i’m very happy I came across this in my search for something regarding this.
Pahusayin ang Iyong Estratehiya Pai Gow PokerManalo, Mag-enjoy, at Makamit ang
Your style is so unique compared to other people I have read stuff from. Thanks for posting when you have the opportunity, Guess I’ll just bookmark this site.
Check Adam Graham Newsletter Today for business startup tips
Greetings! Very useful advice in this particular article! It is the little changes that will make the biggest changes. Many thanks for sharing!
A motivating discussion is definitely worth comment. I believe that you ought to publish more about this issue, it may not be a taboo matter but typically folks don’t talk about these topics. To the next! Best wishes!
113. Two young women in night gowns of smooth pink and gray with black lace respectively.
About BCEC, Bordentown Metropolis Environmental Fee.
Hi, I do think this is a great web site. I stumbledupon it 😉 I am going to come back once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to guide other people.
But the bartender is used to this taking place, and whereas they’d love for you to take a seat and have a drink with them (and we wager you will end up having a memorable time), they’ll understand if you are solely on the lookout for toys and politely direct you in broken English to take the following doorway over and go upstairs.
Good post. I learn something totally new and challenging on blogs I stumbleupon on a daily basis. It’s always useful to read through articles from other authors and use something from their websites.
Your style is really unique compared to other people I’ve read stuff from. I appreciate you for posting when you’ve got the opportunity, Guess I will just book mark this page.
By tying a Swastik Rakhi, which is an emblem of fine luck, fortune and prosperity sisters can make brothers feel special and blessed.
I blog frequently and I genuinely appreciate your content. The article has truly peaked my interest. I am going to book mark your website and keep checking for new information about once a week. I subscribed to your Feed too.
Spot on with this write-up, I honestly think this amazing site needs much more attention. I’ll probably be returning to see more, thanks for the advice!
Saved as a favorite, I really like your web site.
May I just say what a relief to discover an individual who truly understands what they are discussing online. You actually know how to bring an issue to light and make it important. More and more people really need to check this out and understand this side of the story. It’s surprising you are not more popular since you surely have the gift.
You’re so cool! I do not think I’ve read through something like this before. So good to find someone with a few original thoughts on this topic. Seriously.. thank you for starting this up. This website is something that’s needed on the internet, someone with a little originality.
Great info. Lucky me I came across your site by accident (stumbleupon). I’ve book-marked it for later!
Next time I read a blog, I hope that it does not disappoint me as much as this particular one. After all, Yes, it was my choice to read, but I really thought you would probably have something interesting to say. All I hear is a bunch of whining about something you could possibly fix if you were not too busy searching for attention.
I’m impressed, I must say. Seldom do I encounter a blog that’s both equally educative and interesting, and without a doubt, you’ve hit the nail on the head. The problem is something which too few people are speaking intelligently about. I’m very happy I stumbled across this in my hunt for something concerning this.
I quite like looking through an article that will make men and women think. Also, thanks for permitting me to comment.
Pretty! This was a really wonderful article. Thanks for supplying this info.
Hi, I do believe this is a great site. I stumbledupon it 😉 I may revisit once again since i have book-marked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
I was excited to uncover this website. I wanted to thank you for ones time for this particularly wonderful read!! I definitely loved every part of it and i also have you bookmarked to see new stuff in your web site.
With completely different regions and cultures that comply with distinctive designs and works, Indian jewellery is as diverse as cultures and traditions in India.
I love it when folks get together and share ideas. Great blog, stick with it.
They will scarcely have developed after the arrival of the Waṇetsi speakers of their present dwelling, which is by no means topographically lower off from the remainder of Paṣ̌to territory.
If an evacuated safety glass is required, the glass have to be laminated.
I have to thank you for the efforts you’ve put in writing this site. I’m hoping to view the same high-grade blog posts from you in the future as well. In truth, your creative writing abilities has encouraged me to get my own, personal website now 😉
Oh my goodness! Impressive article dude! Many thanks, However I am experiencing troubles with your RSS. I don’t know the reason why I can’t subscribe to it. Is there anyone else having identical RSS problems? Anyone who knows the solution will you kindly respond? Thanx.
Surroundings: Real time 3D models, sprites.
I wanted to thank you for this great read!! I definitely enjoyed every bit of it. I have got you bookmarked to look at new things you post…
After looking at a handful of the blog posts on your site, I honestly like your technique of writing a blog. I saved it to my bookmark webpage list and will be checking back in the near future. Take a look at my website too and let me know your opinion.
Worley Funeral Residence in charge.
I blog frequently and I truly thank you for your information. The article has really peaked my interest. I am going to take a note of your site and keep checking for new information about once per week. I opted in for your RSS feed as well.
Ruby GEORGE, Mrs Dorothy NICHOLS; three sons, Grady WILCOX, Raymond WILCOX and Olen WILCOX; 9 grandchildren and two great-grandchildren.
Good info. Lucky me I ran across your site by chance (stumbleupon). I’ve book marked it for later!
This is the right web site for everyone who hopes to understand this topic. You know so much its almost hard to argue with you (not that I actually would want to…HaHa). You definitely put a brand new spin on a subject which has been written about for many years. Excellent stuff, just excellent.
Everyone loves it when people get together and share opinions. Great blog, continue the good work!
I’m impressed, I must say. Seldom do I encounter a blog that’s both educative and entertaining, and without a doubt, you’ve hit the nail on the head. The problem is something which not enough men and women are speaking intelligently about. Now i’m very happy that I came across this in my hunt for something regarding this.
After I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I get 4 emails with the exact same comment. Perhaps there is a means you are able to remove me from that service? Appreciate it.
Aw, this was a really nice post. Taking the time and actual effort to generate a superb article… but what can I say… I put things off a whole lot and don’t manage to get nearly anything done.
Oh my goodness! Incredible article dude! Many thanks, However I am going through issues with your RSS. I don’t understand the reason why I am unable to join it. Is there anybody having similar RSS issues? Anyone that knows the solution will you kindly respond? Thanx.
Spot on with this write-up, I really believe that this website needs a great deal more attention. I’ll probably be back again to read through more, thanks for the info.
Greetings! Very helpful advice within this article! It’s the little changes that will make the greatest changes. Thanks a lot for sharing!
Altavista’s on-line translator is named Babel Fish after the tiny Douglas-created creature.
You’ve made some good points there. I checked on the net for additional information about the issue and found most people will go along with your views on this website.
You need to take part in a contest for one of the most useful websites online. I will recommend this website!
You possibly can put a preliminary call on the web with out listing the program committee, however a PAF will need to have been authorised.
It’s hard to find educated people about this subject, but you sound like you know what you’re talking about! Thanks
I’m impressed, I have to admit. Seldom do I come across a blog that’s both equally educative and amusing, and without a doubt, you’ve hit the nail on the head. The issue is something that not enough men and women are speaking intelligently about. I am very happy I stumbled across this in my hunt for something regarding this.
It’s hard to come by educated people on this subject, however, you sound like you know what you’re talking about! Thanks