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The two companies also announced a strategic partnership that will allow First Foundation and NYDIG to collaborate on connecting the infrastructure and technologies necessary to provide First Foundation clients with efficient and secure access to Bitcoin-related financial products and services within the traditional banking network.
“We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of our clients,” said Scott F. Kavanaugh, CEO of First Foundation Inc. “NYDIG is at the forefront of the industry from a regulatory and security perspective which makes them the perfect partner as we seek to help bring Bitcoin solutions into the mainstream. Today’s announcement marks an important step towards establishing ourselves as one of the first Bitcoin-friendly regional banks in the country.”
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