Soros, Morgan Stanley Join $200M Investment in Bitcoin Firm NYDIG
NYDIG, the firm that facilitated MassMutual's $100 million bitcoin buy last year, has raised $200 million from a cadre of big-name investors.
The megabank is positioning itself to take an active role across the bitcoin markets.
Ian Rooney clocked almost 10 years at Morgan Stanley.
In the bank’s first quarter earnings call Friday, CFO Jonathan Pruzan said Morgan Stanley would offer more crypto services if clients showed more interest.
The Wall Street firm sees signs of maturation especially given its resiliency since the height of the pandemic.
Two of the funds are from Galaxy Digital and the other is joint effort from FS Investments and NYDIG, according to CNBC.