Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG
June 5, 2021 @ 5:40 pm By Omar Faridi
Unchained Capital, Inc. recently revealed that it has completed the initial closing of a $25 million Series A round that was led by institutional Bitcoin tech and financial services provider,
NYDIG and parent firm
Stone Ridge Holdings Group.
In addition to participating in the equity round and increasing their minority stake, NYDIG has reportedly decided to make an incremental lending commitment of $100 million. NYDIG says it will remain the principal funding partner to Unchained Capital which will support its Bitcoin-backed multisig lending solution.
/PRNewswire/ Unchained Capital, Inc. announced today the initial closing of a $25 million Series A capital raise led by institutional bitcoin technology and.
Unchained Capital, Inc. announced today the initial closing of a $25 million Series A capital raise led by institutional bitcoin technology and financial services firm NYDIG and parent company Stone Ridge Holdings Group.
NYDIG Announces Appointment of John Dalby as Chief Financial Officer
The CFO of Bridgewater Associates joins during a period of rapid growth for NYDIG
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NEW YORK, May 7, 2021 /PRNewswire/
NYDIG, a leading provider of investment and technology solutions for Bitcoin, today announced the appointment of John Dalby as Chief Financial Officer (CFO). Mr. Dalby is CFO of Bridgewater Associates, the world s largest hedge fund.
Mr. Dalby brings a broad array of financial services industry experience in corporate and institutional banking, capital markets, asset management, wealth management, private equity and renewable energy. Prior to joining Bridgewater, Mr. Dalby was CFO and Chief Operating Officer (COO) of D.E. Shaw Renewables Investments. His role at D.E Shaw followed a more than 20-year career at UBS where he most recently held the role of CFO of UBS Americas.
by Tyler Durden
Friday, May 07, 2021 - 12:41 PM
In early 2020, shortly after we correctly predicted that institutional buying of bitcoin would send the cryptocurrency soaring (and just before Elon Musk announced that Tesla had purchased $1.5 billion in bitcoin), we said that the next big catalyst for Bitcoin would be when Bridgewater, the world s largest hedge fund, announces it had started purchasing bitcoin.
The reason for this was a dramatic reversal by the formerly Bridgewater founder (and one-time bitcoin skeptic) Ray Dalio who in late January said that I and my colleagues at Bridgewater are intently focusing on alternative storehold of wealth assets and expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity, and Bitcoin wont escape our scrutiny.