pledge
NYDIG
7.6/10 · SCOREDNYDIG is a Bitcoin-focused institutional platform that pairs regulated custody and execution with power and mining infrastructure — narrower in scope than multi-asset custodians and routinely used inside advisor and wealth channels.
Provider holds the keys. Low friction.
Custody is two trade-offs: how much control you keep, and how much operational friction you accept. NYDIG sits in the provider-custodied half — the custodian holds the signing keys and you hold a legal claim, not direct control, with low day-to-day friction.
Editorial positioning — not a numeric scoring axis. Grey markers are reference archetypes, not the full universe.
NYDIG vs the other custody options.
The org, the research angle.
NYDIG belongs on the watchlist because it sits at the intersection of Bitcoin-native focus and traditional wealth-advisory infrastructure. The recent expansion into power and mining adds an unusual operational footprint worth mapping clearly.
The 8-factor breakdown.
NY trust-company structure operating since 2017; backed by Stone Ridge. No client-asset loss event disclosed.
The receipts.
Every figure on NYDIG traces to a primary document. These are the ones we read — open any of them.
Custody model: NY limited purpose trust company / qualified custodian (NYDIG Trust Company LLC, chartered by NYDFS)
NYDFS limited purpose trust charter granted 2018
NYDFS virtual currency licensee register listing
Bitcoin-focused custody, SOC 1/SOC 2 Type 2 since inception, sub-custody role
Ownership/structure: subsidiary of Stone Ridge Holdings; Power & Bitcoin Mining division (Crusoe mining acquisition Mar 2025)