Soros, Morgan Stanley Lead $200M Funding Round in NYDIG

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NYDIG, the fintech startup that facilitated MassMutual’s $100 million bitcoin buy last year, has raised $200 million from a motley group of mainstream Wall Street investors.

The round included Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments, NYDIG announced Monday. Past investors Bessemer Venture Partners and FinTech Collective also participated.

NYDIG is a key player in catalyzing Wall Street’s adoption of Bitcoin. According to the management, NYDIG is expected to manage over $25 billion in bitcoin by the end of 2021.

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