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NYDIG raised $ 100 million from insurance companies


The New York Digital Investment Group (NYDIG) platform, focused on large players, attracted additional investments of $ 100 million.

The platform was supported by insurance companies Starr Insurance, Liberty Mutual Insurance and other market participants. They have joined a number of strategic partners including New York Life and MassMutual.

NYDIG also hired former head of TransRe reinsurance firm Mike Sapnar as head of insurance solutions. The division will create products and services based on the first cryptocurrency.

In December 2020, NYDIG announced a $ 100 million investment in digital gold by MassMutual, the oldest insurance firm in the United States. It also acquired a $ 5 million stake in the platform.

Recall that in March 2021, NYDIG raised $ 200 million in a round involving Morgan Stanley, MassMutual, Soros Fund Management, New York Life and other investors.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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