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- NYDIG will provide the secured custodial and trading platform for managing the bitcoin transactions
- Once the solution is in full flow, it will help the customers to manage bitcoin holdings along with their traditional accounts
FIS and NYDIG have joined hands to offer a seamless solution to the people looking to buy, sell and hold Bitcoin. The digital solution by FIS will offer One Mobile tool, a digital experience to banks.
Stone Ridge is the bitcoin-focused subsidiary of investment firms FIS and NYDIG. These firms have partnered to offer service that gives banks the freedom to provide bitcoin capabilities to their customers. As per the services, the customers can buy, sell and hold bitcoin through their bank accounts.
At present, the consumers have to maintain a new bank account, often with unregulated entities, and move out of their traditional banking relationships to acquire bitcoin. The new solution brings new advanced functionality of the FIS digital one mobile solution. It permits banks to give bitcoin services through a seamless, easy-to-use digital experience. This will enable them to drive free income and better attract and retain customers.
Secure platform
NYDIG will provide the secured custodial and trading platform for managing the bitcoin transactions. The bitcoin-focused financial services NYDIG has signed an agreement with FIS. In 2020 both the firms FIS and NYDIG joined hands with Quontic Bank. This will enable the New York-based digital bank to be the first FDIC-insured financial institution. It will go live with a Bitcoin Rewards debit card.
Business Wire quotes Rob Lee, head of Global Core Banking and channels, FIS, as saying that as demand for bitcoin continues to grow, FIS enables its core banking clients to respond to growing market demand to serve their customers efficiently.
Once the solution is in full flow, it will help the customers manage bitcoin holdings and their traditional accounts in a single view.
Robert Guttmann, Co-founder and CEO of, NYDIG while talking about the new partnership with FIS, said that with the bitcoin adoption increasing, there is an accessibility and credibility gap for people who want to buy, sell and hold bitcoin. But, the partnership between FIS and NYDIG will provide solutions to people and FIS core banking clients to bridge this gap. The consumers will have new financial freedom, trust, and choice with their existing banks.
Under this partnership, the bitcoin transactions will be handled by NYDIG. FIS will offer One Mobile Tool, the digital experience to banks.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
