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NYDIG

United States (New York)
21Rates Quality Score: 8.5/10

NYDIG is a US institutional Bitcoin custodian and financial services firm operating under bank-level regulatory oversight through its parent Stone Ridge Holdings Group. It stores 95%+ of assets in proprietary cold storage, holds an NYDFS BitLicense, and undergoes annual SOC 2 Type II audits. NYDIG focuses exclusively on Bitcoin and serves banks, insurance companies, and institutional investors.

Custody Model

ModelThird-Party
LicensesNYDFS BitLicense; OCC-supervised bank holding company regulatory framework
RegulatoryBank-level regulatory oversight via Stone Ridge Holdings Group (OCC-supervised); NYDFS BitLicense; BSA/AML and OFAC compliance
JurisdictionUnited States (New York)

Fees & Minimums

Min Balance$1,000,000

Security

Cold Storage95%+
InsuranceCommercial crime insurance covering digital assets held in custody; coverage levels disclosed to institutional clients under NDA.
Proof of Reservesfalse
AuditsAnnual SOC 2 Type II audit; ongoing bank-level regulatory examinations through Stone Ridge Holdings

Features

API Access Not available
Mobile App No
Hardware Wallet Not supported
Institutional Not offered
Integrated Trading No

About NYDIG

Best for: Banks, insurance companies, and institutional investors seeking a Bitcoin-only custodian with bank-level regulatory backing and deep experience serving regulated financial institutions.

NYDIG (New York Digital Investment Group) was founded in 2017 as a subsidiary of Stone Ridge Holdings Group, a regulated alternative asset manager. NYDIG operates as a Bitcoin-only institutional platform, offering custody, execution, and financing services exclusively for Bitcoin. Its custody infrastructure keeps 95%+ of client assets in proprietary cold storage, with segregated account structures for each institutional client. NYDIG benefits from the bank-level regulatory framework applied to Stone Ridge Holdings, which is supervised by the OCC, and holds its own NYDFS BitLicense for New York operations. The platform undergoes annual SOC 2 Type II audits and maintains BSA/AML and OFAC compliance programs. NYDIG is notable for its work enabling community banks and credit unions to offer Bitcoin services to retail customers through its Banking Solutions product, and for securing one of the earliest large-scale Bitcoin custody arrangements with major US insurance companies.

Frequently Asked Questions About NYDIG

About this analysis

21Rates Editorial TeamBitcoin Financial Research Analysts

Our research team analyses Bitcoin custody providers using proprietary quality scoring, regulatory research, and user reviews. We independently verify custody terms and maintain up-to-date information to help you make informed decisions.

Last verified: July 2026