Former Bridgewater CFO John Dalby has left his position at the company to work as the new CFO of Bitcoin financial services for the New York Digital Investment Group- NYDIG as we can see in today’s latest Bitcoin news.
The former Bridgewater CFO John Dalby has been appointed as the new CFO of Bitcoin financial services for NYDIG and the co-founder of the company Robert Gutmann noted:
“Working on Bitcoin is increasingly what many of the best and brightest employees seek—including industry leaders like John—and NYDIG is uniquely positioned to offer them the platform, resources, and culture to shine, in pursuit of our collective mission to bring Bitcoin safely to everyone.”
Before joining Bridgewater in 2018, Dalby served as the COO and CFO at D.E Shaw Renewables Investments and before that, he worked at the Swiss multinational investment bank and financial services company UBS for more than 20 years, holding the role of CFO of UBS Americas most recently. NYDIG is a BTC financial services branch subsidiary of $10 billion investment giant Store Ridge Asset Management. Also, the company raised over $300 million in funding from companies like Liberty Mutual and Massachusetts Mutual Life as Dalby noted:
“Every day, more industries come to understand Bitcoin’s potential and more clients seek ways to safely access it. Personally, I share NYDIG’s vision for Bitcoin’s ability to propel economic empowerment for all.
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I eagerly look forward to doing my part to help NYDIG deliver innovative Bitcoin solutions to institutions and individuals.”
NYDIG itself partnered with fintech company Fidelity National Information Services to help numerous banks give support for BTC. According to the head of banking at NYIDG Patric Sells, hundreds of banks are now on board with the company’s BTC plans and will offer their clients the ability to buy, sell and trade the cryptocurrency:
“What we’re doing is making it simple for everyday Americans and corporations to be able to buy Bitcoin through their existing bank relationships. If I’m using my mobile application to do all of my banking, now I have the ability to buy, sell and hold Bitcoin.”
Robert Gutmann who is the co-founder and CEO of NYDIG said that the firms that are taking part were more than just investors and they are considered partners because the companies know each other for years. The BTC financial solutions provider will be working with these companies on a BTC-related strategic intuitive on insurance, banking, clean energy, and investment management while promising that the $200 million investment will deliver an explosion of innovation in BTC products and services.
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