Stone Ridge, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments led a $200m funding round in NYDIG.

Stone Ridge, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments led a $200m funding round in NYDIG, a provider of technology and investment solutions for Bitcoin, with participation from Bessemer Venture Partners and FinTech Collective. "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. 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. 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," Robert Gutmann, NYDIG CEO.