Ray Dalio’s Bridgewater CFO leaves to work on Bitcoin full-time

 Ray Dalio’s Bridgewater CFO leaves to work on Bitcoin full-time

Conventional finance veteran John Dalby will assist New York Digital Funding Group “to deliver Bitcoin safely to everybody.”

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Ray Dalio’s Bridgewater CFO leaves to work on Bitcoin full-time

John Dalby, now-former chief monetary officer at funding firm Bridgewater Associates, has been appointed because the CFO of Bitcoin (BTC) monetary providers agency New York Digital Funding Group (NYDIG).

“Engaged on Bitcoin is more and more what most of the finest and brightest workers search—together with business leaders like John—and NYDIG is uniquely positioned to supply them the platform, sources, and tradition to shine, in pursuit of our collective mission to deliver Bitcoin safely to everybody,” stated Robert Gutmann, co-founder and CEO of NYDIG, within the announcement printed on Friday.

“Financial empowerment for all”

Earlier than he joined Bridgewater in September 2018, Dalby served because the CFO and COO at D.E. Shaw Renewables Investments. Previous to that, he labored at Swiss multinational funding financial institution and monetary providers firm UBS for over 20 years, most just lately holding the position of CFO of UBS Americas.

In its flip, NYDIG is a Bitcoin monetary services-focused subsidiary of $10 billion investments large Stone Ridge Asset Administration. Moreover, NYDIG has just lately raised over $300 million in funding from firms reminiscent of Massachusetts Mutual Life Insurance coverage and Liberty Mutual. Dalby famous:

“Day by day, extra industries come to know Bitcoin’s potential and extra purchasers search methods to securely entry it. Personally, I share NYDIG’s imaginative and prescient for Bitcoin’s potential to propel financial empowerment for all. I eagerly stay up for doing my half to assist NYDIG ship revolutionary Bitcoin options to establishments and people.”

Connecting banks to Bitcoin

As CryptoSlate reported, NYDIG itself has just lately partnered with fintech firm Constancy Nationwide Data Companies to assist quite a few U.S. banks add help for Bitcoin.

Based on NYDIG’s head of banking Patrick Sells, “a whole bunch” of banks are already on board with the agency’s Bitcoin plans and wish to provide their purchasers the flexibility to purchase, promote, make investments, and commerce BTC.

“What we’re doing is making it easy for on a regular basis People and companies to have the ability to purchase Bitcoin by way of their present financial institution relationships. If I’m utilizing my cell software to do all of my banking, now I’ve the flexibility to purchase, promote and maintain Bitcoin,” Sells concluded.

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