NYDIG Partners With Deloitte To Offer Bitcoin Capabilities To All Corporate Clients

June 21, 2022 9:34 pm

Bitcoin investment firm NYDIG just partnered with professional services giant Deloitte to to help businesses of all sizes to incorporate Bitcoin and crypto into their operations.

This strategic partnership will allow NYDIG to expand its client base as it will be able to offer various crypto products across a wide range of different benefits for all of Deloitte’s clients.

This will then quickly accelerate mainstream adoption as the client base consists of many of the major companies within the United States.

For example, one of the benefits that will be offered will be the Bitcoin Savings Plan where a portion of each employee’s salary can be converted into Bitcoin instead.

CoinDesk reports:

Bitcoin investment firm NYDIG and professional services giant Deloitte said they will work together to help businesses of different sizes incorporate digital assets into their operations, according to an announcement Tuesday.

One example is NYDIG’s Bitcoin Savings Plan, unveiled in February, which allows employees to convert parts of their salaries into bitcoin.

“The future of financial services will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way,” Richard Rosenthal, Deloitte’s digital assets banking regulatory practice lead and principal, said in the statement.

Deloitte’s clients include 90% of the Fortune 500 companies as well as 7,000 private firms.

This partnership can be seen as critical for the industry to continue to grow as institutions and large corporations need trusted entities that they can work with in order to adopt digital assets at a larger level.

The trust that is needed will be achieved by this strategic alliance between NYDIG and Deloitte and will also help solve for all technical hurdles as well as legal compliance.

Once this starts to take place, one could expect the existing financial infrastructure slowly adopt to incorporate digital assets.

Once mass integration takes place, that is when the value of digital assets will truly be reflected.

BitcoinMagazine reports:

Furthermore, this partnership between the two companies will enable a level of trust that is, by design, not apparent with existing infrastructure.

Many proponents of bitcoin favor the idea of self-custody, wherein one takes control of the custody of their own bitcoin rather than relying on a banking institution.

In order for greater levels of adoption to occur, businesses and consumers will arguably look to trusted entities they can rely on for not only technical hurdles, but also legal compliance.

“The future of financial services will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way,” said Richard Rosenthal, Deloitte’s digital assets banking regulatory practice lead.

“We believe this alliance with NYDIG will further drive business growth and is another hallmark of the extensive investment Deloitte is making in enabling digital asset innovation.”

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