NYDIG buys Digital Assets Data to boost data intelligence in Bitcoin

NYDIG buys Digital Assets Data to boost data intelligence in Bitcoin

New York Digital Investment Group LLC also known as NYDIG- a prominent technology and financial services firm focusing on Bitcoin, has recently announced the acquisition of Digital Assets Data- a leading research, data, and analytics company that develops enterprise-grade software and data feeds.  

For the record, the acquisition adds to NYDIG’s superior platform for hedge funds, institutions, banks, and high net worth investors to meet the complete potential of Bitcoin as an asset class.

According to a statement by Robert Gutmann, Co-founder and CEO, NYDIG, the acquisition will allow the company to offer clients a wide array of data and intelligence that help boost research and inform trading decisions. He goes on to further state that with the rapid institutionalization of Bitcoin, the need for robust and reliable enterprise-grade data and tools that support it will increase.  

Incorporated in the year 2018, Digital Assets Data offers a strong data and research platform that helps in delivering institutional-grade information along with insights on digital assets to expand its customer base of family offices, professional asset managers, hedge funds along institutional investors.

Additionally, the platform extends high-quality information and tools to asset managers to help them monitor investments and make safe trade and investment decisions.

Mike Alfred, Co-Founder and CEO of Digital Assets Data, was reportedly quoted stating that, the firm focuses on empowering the investors along with data-driven organizations to reap the most out of digital assets.

With the combined offerings of NYDIG’s secured and regulatory standards and Digital Asset Data’s recognized data capabilities, together the platform will empower the investors to make complex data-based decisions in real-time, Mike further added.

According to reliable sources, this transaction shortly comes after a nearly 10 times increase in NYDIG’s client base in the year 2020 along with acceleration across its franchises.

Recently, the American financial service company (NYDIG) also introduced a Bank Solution practice, that focuses on empowering fin-tech giants and banks to extend Bitcoin-related products and services. As of today, the company’s asset management, custody, and financial balances exceed USD 4 billion in total.  

Source Credit: https://www.prnewswire.com/news-releases/nydig-announces-acquisition-of-digital-assets-data-301205206.html