Bridgewater Associates CFO Leaves Dalio to Join Institutional Bitcoin Firm NYDIG
John Dalby is leaving the hedge fund founded by Ray Dalio to become CFO of NYDIG.
The partnership will also allow Allied Payment Network to make a bitcoin allocation for its corporate treasury.
The initiative is in response to demand from NCR banking clients whose customers have been buying crypto through outside exchanges.
The mega-bank has started pitching Private Bank clients on a passive bitcoin fund in partnership with NYDIG.
Up to 18.3 million Q2 customers will soon be able to buy, sell and hold bitcoin directly from their bank accounts.
NYDIG also committed to lend Unchained another $100 million, for a total commitment of $150 million.