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NYDIG Asset Management
NYDIG bridges institutional capital with Bitcoin mining finance, custody, and credit markets under CEO Rob Hadick and founder Ross Stevens.
NYDIG Asset Management
Founded in 2017 by Ross Stevens, the firm was purpose-built to deliver Bitcoin exposure and full-stack digital asset services to institutional investors. Stone Ridge Asset Management is the parent company, sharing a founder and a deep commitment to alternative store-of-value assets. NYDIG carved its niche by pairing enterprise-grade custody with capital-markets execution, avoiding the retail brokerage model entirely. The firm originates asset-backed loans secured by Bitcoin collateral, finances North American mining operations through structured debt, and provides an institutional custody platform that underpins third-party banking partnerships. On the credit side, NYDIG lends against digital assets and mining equipment, while its infrastructure arm has powered integrations enabling US banks to offer Bitcoin buys from customer accounts. Its mining finance programs extend to large-scale operators in Texas and across North America, funded through balance-sheet commitments and institutional sub-advisory mandates. The parent firm Stone Ridge disclosed Bitcoin exposure in its flagship mutual fund structure, solidifying the shared thesis. In September 2023, the firm appointed General Catalyst veteran Rob Hadick as CEO, filling the role left vacant when the previous president departed in early 2022 (per The Block, 2023). Ross Stevens retains control as Executive Chairman of both NYDIG and Stone Ridge, while the firm continues to operate from New York. NYDIG distinguishes itself by acting as both a fiduciary asset manager and a vertical infrastructure provider — combining custody technology, lending origination, and institutional distribution under one regulatory framework. Rather than simply operating a fund, it builds the operational rails that let banks and corporations hold Bitcoin while sourcing uncorrelated yield through its credit strategies.
General information
Firm type
Asset Manager
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Ross Stevens
Founder and Executive Chairman
Rob Hadick
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at NYDIG Asset Management?
Rob Hadick became CEO in September 2023, while founder Ross Stevens serves as Executive Chairman of both NYDIG and parent company Stone Ridge. The firm operates through distinct investment committees for its credit and infrastructure strategies. Stevens set the original Bitcoin treasury and lending thesis that continues to guide asset allocation.
How does NYDIG source proprietary deal flow?
NYDIG originates loans through direct relationships with North American Bitcoin miners, often providing equipment financing or working-capital facilities secured by mining rigs and Bitcoin collateral. Its banking partnerships — which embed NYDIG's custody and trading infrastructure into regional banks — create a funnel that competing crypto asset managers typically cannot replicate. The firm's parent-stability and regulatory posture also attract institutional borrowers seeking off-balance-sheet Bitcoin liquidity.
Is NYDIG structured as a standalone asset manager or an operating subsidiary?
NYDIG is a wholly owned subsidiary of Stone Ridge Asset Management, a New York-based asset manager known for its mutual fund that allocates a portion of assets to Bitcoin. Ross Stevens founded both entities, and they share governance at the board level. The structure allows NYDIG to pursue regulatory approvals and banking partnerships under a strategic umbrella without blending retail and institutional balance sheets.
Does NYDIG participate in fund commitments or only direct deals?
NYDIG primarily conducts direct transactions, originating bespoke loans and structuring mining-finance deals on its own balance sheet and through separately managed accounts for institutional clients. It does not market a diversified private equity fund-of-funds product. The firm's open-ended institutional Bitcoin fund and its third-party sub-advisory mandates are the exception, designed for allocators who seek exposure without co-investment governance requirements.
Which sectors does NYDIG explicitly avoid?
The firm stays away from decentralized finance protocols, non-fungible token markets, and altcoin trading except in treasury-management contexts. Its credit arm avoids uncollateralized lending and DeFi smart-contract exposure. The firm has stated publicly it focuses on Bitcoin-specific infrastructure, eschewing Ethereum staking or broader cryptocurrency momentum strategies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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