NYDIG, a subsidiary of $10 billion New York-based asset manager Stone Ridge, has appointed John Dalby as its Chief Financial Officer.

Dalby was previously the CFO of Ray Dalio’s Bridgewater Associates, the world's largest hedge fund. While Dalio may not have fully come around Bitcoin, his hedge fund’s CFO has joined the bitcoin investment and technology solutions provider. Dalby said,

“Every day, more industries come to understand Bitcoin's potential, and more clients seek ways to safely access it. Personally, I share NYDIG's vision for Bitcoin's ability to propel economic empowerment for all.”

NYDIG recently raised over $300 million from the likes of New York Life, MassMutual, Liberty Mutual, Starr Companies, and FIS with an aim to target the untapped insurance industry. Ross Stevens, founder and Executive Chairman of NYDIG said,

“John's move to NYDIG showcases an increasing trend of top talent voting with their feet to propel Bitcoin's inclusionary role as the De(Central) Bank and its dual mandate as ultimate risk-on asset and the ultimate risk-off asset.”

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