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Morgan Stanley-Backed Bitcoin Firm NYDIG Raises $1 Billion

  • Funding round represents second-largest crypto VC deal of 2021
  • Firm plans to use money to expand platform and onboard clients
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Bitcoin in 2022, Crypto's Struggle: Quicktake on Crypto
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Bitcoin servicer NYDIG raised $1 billion in its latest funding round, highlighting Wall Street’s increasing interest in the crypto space.

The firm, which counts some of the biggest Wall Street banks as its partners, was valued at more than $7 billion in the round joined by existing investors including Morgan Stanley.