NYDIG, Stone Ridge Lead $25M Funding Round for Unchained Capital
NYDIG also committed to lend Unchained another $100 million, for a total commitment of $150 million.
The mega-bank has started pitching Private Bank clients on a passive bitcoin fund in partnership with NYDIG.
The partnership will also allow Allied Payment Network to make a bitcoin allocation for its corporate treasury.
JPMorgan also registered its passive bitcoin fund with U.S. regulators Thursday.
The initiative is in response to demand from NCR banking clients whose customers have been buying crypto through outside exchanges.
Up to 18.3 million Q2 customers will soon be able to buy, sell and hold bitcoin directly from their bank accounts.