NYDIG Raises More Than $100 Million
The New York Digital Investment Group (NYDIG) managed to raise another 105 million US dollars. They signed a contract with another 15 investors, now their total investment pool counts 190 million US dollars.
Recall, this crypto fund was founded two years ago. Initially, three people became its investors, and the pool counted $31 million. A year later, the creators decided to carry out another round of financing, then they managed to raise another $54 million.
Loophole to bypass SEC
It is important to note that the fund was opened in the format of a closed investment community, and only a few people can enter it. This greatly simplifies the procedure for raising funds and does not require mandatory registration with the SEC.
Something about the fund
The founders of the fund did not disclose their investment strategy. It is also important to note that the New York Digital Investment Group (NYDIG) is one of those few that have a BitLicense.