Fintech

Bitcoin firm NYDIG raises $1bn in blockbuster funding round

Participants in the investment round included Morgan Stanley, Massachusetts Mutual Life Insurance and New York Life Insurance

New York-based bitcoin firm NYDIG said on 14 December that it had raised $1bn at a valuation of more than $7bn, the latest in a series of blockbuster funding rounds this year by cryptocurrency startups.

Earlier known as New York Digital Investment Group, the firm runs a bitcoin trading, brokerage, custody and asset-management business that caters to institutional investors.

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