Express
Traditional Financial Services Firm First Foundation Made Strategic Investment In NYDIG
Summary: First Foundation Inc. (NASDAQ: FFWM), a traditional financial services company founded in 1990, announced on Tuesday that it has made a strategic investment in NYDIG, a leading provider of Bitcoin technology and investment solutions. The terms of the transaction were not disclosed. The two also reached a strategic partnership, which will enable First Foundation and NYDIG ...
First Foundation Inc. (NASDAQ: FFWM), a traditional financial services company founded in 1990, announced on Tuesday that it has made a strategic investment in NYDIG, a leading provider of Bitcoin technology and investment solutions.
The terms of the transaction were not disclosed. The two also reached a strategic partnership, which will enable First Foundation and NYDIG to integrate related infrastructure and technology to provide Bitcoin-related financial products and services for traditional bank customers.
First Foundation has two wholly-owned operating subsidiaries: First Foundation Advisors and First Foundation Bank, which provide personal banking, commercial banking, and private wealth management services, including investment, trust, insurance, and charity.
By Mary Liu
Tags: Bitcoin,First Foundation,NYDIG
Link: Traditional Financial Services Firm First Foundation Made Strategic Investment In NYDIG [Copy]
