Bridgewater CFO Joins Bitcoin Firm NYDIG
New York Digital Expenditure Team (NYDIG) appointed John Dalby as the bitcoin money solutions firm’s chief money officer.
Dalby, who was most recently CFO of Bridgewater Associates, the world’s biggest hedge fund, brings far more than 20 yrs of knowledge in money markets, asset management, and money solutions to the firm. Ahead of joining Bridgewater in 2018, he was CFO and chief operating officer of D.E. Shaw Renewables Investments and the CFO of UBS Americas just before that.
“Working on Bitcoin is ever more what many of the greatest and brightest employees seek out — including market leaders like John — and NYDIG is uniquely positioned to offer you them the platform, methods, and society to glow, in pursuit of our collective mission to provide Bitcoin securely to every person,” explained NYDIG co-founder and CEO Robert Gutmann.
NYDIG, a subsidiary of $ten billion choice asset supervisor Stone Ridge, recently lifted far more than $three hundred million from associates including Morgan Stanley, New York Lifestyle, MassMutual, Liberty Mutual, Starr Providers, and FIS.
“Every working day, far more industries appear to have an understanding of Bitcoin’s potential and far more consumers seek out strategies to securely access it,” explained Dalby. “Personally, I share NYDIG’s vision for Bitcoin’s skill to propel economic empowerment for all. I eagerly look forward to performing my aspect to assistance NYDIG deliver modern Bitcoin methods to institutions and people today.”
Ross Stevens, founder and govt chairman of NYDIG, included, “John’s transfer to NYDIG showcases an escalating development of leading expertise voting with their feet to propel Bitcoin’s inclusionary function as the De(Central) Lender, and its dual mandate as final risk-on asset and the final risk-off asset.”
Past week, NYDIG partnered with fintech business Fidelity Nationwide Information Services to enable U.S. banking institutions to offer you bitcoin in coming months. Banks are inquiring for bitcoin immediately after looking at shoppers applying cryptocurrency exchange platforms this kind of as Coinbase and Kraken, according to the firm. NYDIG suggests hundreds of banking institutions have by now enrolled in the system.
