REUTERS/Arnd Wiegmann/File Photo
- John Dalby, CFO of Bridgewater Associates, is joining crypto firm NYDIG as CFO.
- The executive is the latest high-profile executive move within the cryptocurrency space.
- Dalby joins as NYDIG expands its operations, in step with the crypto market's rapid rise.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
John Dalby, CFO of Bridgewater Associates, is joining NYDIG, according to a statement Friday.
At NYDIG, a provider of investment and technology solutions for bitcoin, Dalby will serve as CFO.
Bridgewater told Bloomberg that Dalby will stay until the second quarter.
Dalby is the latest high-profile executive move in the cryptocurrency space.
Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission, also known in the industry as "crypto dad," joined BlockFi, a cryptocurrency financial services company, in April.
Brian Brooks, a former Coinbase executive who previously was the Acting Comptroller of the Currency under the Trump administration, took the helm as Binance US CEO in May. Brooks was dubbed as the "first fintech Comptroller" and "CryptoComptroller."
Prior to joining Bridgewater, Dalby was CFO and COO at D.E. Shaw Renewables Investments. Before that, he enjoyed a 20-year career at UBS where he held the role of CFO at UBS Americas.
The appointment of Dalby comes during a period of rapid growth for NYDIG.
"The growth of NYDIG has been incredible," he said in a statement. "I share NYDIG's vision for Bitcoin's ability to propel economic empowerment for all."
The firm recently raised more than $300 million from a group of strategic partners including Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Liberty Mutual, Starr Companies, and FIS.
Earlier in May, NYDIG teamed up with fintech company Fidelity National Information Services to enable banks across the US to offer the cryptocurrency in coming months, CNBC first reported.
Banks are requesting bitcoin because they are seeing customers sending money to cryptocurrency exchanges such as Coinbase, according to Yan Zhao, president of NYDIG.
The rally in cryptocurrencies soared in 2021 - with bitcoin rising 95% year to date, ether up 380%, and dogecoin surging 13,000%.