NEW YORK, April 22, 2021 / PRNewswire / – NYDIG, a number one supplier of expertise and funding options for Bitcoin, at this time introduced that it has acquired Capital Arctos, a technology-driven business lender that gives financing options to bitcoin holders, buyers and mining firms. Arctos shall be a part of NYDIG’s Market Options enterprise, wherein the corporate supplies state-of-the-art entry to identify bitcoin and derivatives markets, data-driven execution methods and customised funding options. Monetary phrases weren’t disclosed.
The mixed providing creates a full suite of providers for institutional bitcoin miners, together with gear buy and financing, custody, execution, derivatives and hedging and different custom-made options.
Tejas Shah, Head of Market Options at NYDIG, stated, “Arctos Capital is a pioneer in offering gear finance and different tailored capital market merchandise for the bitcoin mining trade. Randy and Trevor Smyth are long-time leaders within the trade, and we’ve admired and appreciated their deal with supporting and funding their purchasers with progressive options. NYDIG’s state-of-the-art financing capabilities are additional enhanced by this acquisition, permitting us to mix the long-term, low-cost capital of NYDIG with the market experience of Arctos to offer an expanded vary of options to our purchasers. “
Based in 2018 by Randy and Trevor Smyth, Arctos Capital is among the premier lenders targeted on the bitcoin mining trade, offering gear finance options to main miners throughout america and Canada.
Trevor Smyth, Managing Companion of Arctos Capital, stated, “We’re delighted to hitch NYDIG to proceed creating financing options and different providers that help the expansion of the bitcoin mining trade by means of North America. We share the identical imaginative and prescient for Bitcoin because the NYDIG workforce and are largely aligned with their principled strategy to doing enterprise and constructing relationships. Over the subsequent few months, as a part of NYDIG, we shall be deploying capital to help bitcoin miners throughout america and Canada. Our lending merchandise may even present investable credit score options for banks and life insurance coverage firms, which can assist appeal to extra low-cost capital to the trade. “
The acquisition comes towards a backdrop of continued acceleration in NYDIG franchises. The corporate not too long ago introduced the launch of a worldwide program Insurance coverage options observe led by Mike Sapnar, former CEO of TransRe, which can create bitcoin-based services for america $ 6 trillion/ yr within the international insurance coverage trade.
NYDIG supplies Bitcoin expertise and funding options to HNW insurers, banks, companies, establishments and people. The corporate and its merchandise meet the strictest regulatory, auditing and governance requirements within the trade. Be taught extra about nydig.com, or hook up with LinkedIn and Twitter.
About Arctos Capital
Arctos Capital is a technology-driven business lender that gives financing options to bitcoin holders, buyers and mining firms.
NYDIG, NY DIG and NEW YORK DIGITAL INVESTMENT GROUP are registered emblems of New York Digital Funding Group LLC. All rights reserved.