{"id":16208,"date":"2021-06-04T15:31:17","date_gmt":"2021-06-04T15:31:17","guid":{"rendered":"http:\/\/ci0284d036100027b6"},"modified":"2021-06-04T15:31:17","modified_gmt":"2021-06-04T15:31:17","slug":"nydig-leads-unchained-capital-investment","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/nydig-leads-unchained-capital-investment","title":{"rendered":"NYDIG Leads $25 Million Investment Round In Bitcoin Services Platform Unchained Capital"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Unchained Capital, a financial services platform geared for long-term bitcoin holders, has <a href=\"https:\/\/unchained-capital.com\/blog\/unchained-capital-announces-25m-series-a-led-by-nydig-and-stone-ridge-holdings-group\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> today the initial closing of a $25 million series A capital raise led by institutional bitcoin investment solutions firm NYDIG. In addition, NYDIG has increased its minority stake and added $100 million to its initial lending commitment of $50 million made in February.<\/p>\n<p>\u201cOur initial investment in Unchained began a partnership that has quickly gone from strength to strength,\u201d commented founder and executive chairman of NYDIG, Ross Stevens, in the announcement. \u201cMost importantly, our firms share a united vision around helping to propel an alternative, sound-money financial system, built on bitcoin, open to all, ultimately empowering billions.\u201d<\/p>\n<p>NYDIG\u2019s initial minority equity stake investment made in February allowed Unchained Capital to accelerate its technological development and contributed to a steep increase in Unchained\u2019s bitcoin-collateralized lending business. With the newest round, the two firms plan to offer \u201ccollaborative custody arrangements &#8230; with the goal to attract more financial institutions to do the same,\u201d per the announcement.<\/p>\n<p>Existing Unchained Capital investors Ecliptic Capital, Starting Line, Stronghold Resource Partners, TVP Bitcoin Venture Fund, Ten31 and Platform Ventures are also participating in the equity round.<\/p>\n<p>Unchained Capital provides a suite of financial services that leverages the Bitcoin network and incentivizes clients to hold their <a href=\"https:\/\/en.bitcoin.it\/wiki\/Private_key\" target=\"_blank\" rel=\"noopener\">private keys<\/a> and store long-term wealth in bitcoin, including a <a href=\"https:\/\/en.bitcoin.it\/wiki\/Multi-signature\" target=\"_blank\" rel=\"noopener\">multi-signature<\/a> setup.<\/p>\n<p>NYDIG, on the other hand, provides bitcoin investment and technology solutions to banks, corporations, institutions and high-net-worth individuals. The company has been active in the bitcoin ecosystem, <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-coming-to-hundreds-of-u-s-banks\">reportedly attracting traditional banks to enter the Bitcoin space<\/a> in early May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and financial services platform Unchained Capital raised $25 million in a series A fundraising round by NYDIG.<\/p>\n","protected":false},"author":2572,"featured_media":16209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1342,1772,751],"class_list":{"0":"post-16208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-investment","9":"tag-nydig","10":"tag-unchained-capital"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/with-caravan-unchained-makes-multisig-mainstream.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16208"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/16209"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}