NYDIG, which has $6 billion of assets under custody, is the bitcoin arm of the $10 billion asset management firm Stone Ridge.
“With the addition of the NYDIG solution to the Alkami Platform, Alkami’s clients can provide secure Bitcoin services that consumers and businesses can easily access and interact with through the Alkami Platform,” Alkami’s chief strategy and sales officer Stephen Bohanon said in a statement.
Beyond that, the two firms are working on enabling banks to provide bitcoin rewards programs. Sells told The Block that Fiserv reaches 40% of all financial institutions, touching nearly every houshold in America.
These recent deals follow NYDIG’s partnership announcement with FIS in April, a deal that was also centered around giving digital banking users bitcoin management capabilities.
In a broader sense, this week’s Q2, Alkami and Fiserv tie-ups indicate that NYDIG is eyeing a greater market share as a services provider at this particular business intersection.
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