Big firms to lay bitcoin ‚milestones‘ next week

NYDIG chief: Big firms to lay bitcoin ‚milestones‘ next week

„I know you’re going to see an absolute drumbeat of groundbreaking milestones being laid by some of these companies starting next week or so,“ the Stone Ridge co-founder said.

Bitcoin’s mass adoption is imminent, according to the CEO of Bitcoin Loophole investment firm NYDIG Robby Gutmann.

Gutmann is also co-founder of asset manager Stone Ridge and said on the On the Brink podcast on 15 March that some of the firm’s strategic partners would soon make announcements that would drastically change the traditional financial world.

„I know you’re going to see an absolute drumbeat starting in the next week or so where groundbreaking milestones are going to be laid by some of these companies.“

On 8 March, NYDIG raised $200 million in a funding round

This was led by several major financial firms, including Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments. Other NYDIG partners include fintech firms Kasasa, Nymbys and Moven.

Gutmann did not say specifically which partners would make announcements. But he hinted that it would be about providing greater access to bitcoin for the wider public. It is also said to be about other products and services.

One of the products NYDIG is offering to partner firms is called „Corporate Treasury“. This is a set of solutions for finance departments specifically designed to help companies hold Bitcoin.

„The announcements will progressively lay new milestones in bitcoin adoption, bitcoin availability, bitcoin products and services within the existing traditional finance world.“

Last month, the company NYDIG filed an application with the US Securities and Exchange Commission (SEC) to launch a new Bitcoin (BTC) exchange-traded fund.

Currently, the company manages over $3 billion in digital assets.