Unchained Capital Announces $25M Series A From NYDIG
On Friday, Bitcoin financial services firm, Unchained Capital announced the close of their $25M Series A round from lead investor and institutional powerhouse, NYDIG. NYDIG has also committed to lending Unchained another $100 million, for a total commitment of $150 million.
"Historically, there has been a lack of investment in bitcoin-dedicated infrastructure, often in favor of platforms supporting many digital currencies, but Unchained Capital expects this raise to be the first of a growing trend of bitcoin-only businesses attracting capital investment at the scale which has long been deserved," Parker Lewis, head of business development at Unchained, said.
Unchained and NYDIG also plan to offer collaborative custody services in which both hold private keys with the intention of encouraging more financial institutions to do the same.
Top News
42 months ago
42 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
43 months ago
24250 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.