Institutional

Strike operates as a fully custodial service with a clear commitment to backing all user funds. The company explicitly states that all cash and Bitcoin held in custody are maintained 1:1 for each user, meaning no fractional reserves or rehypothecation of customer assets. This segregated custody model ensures your funds are always available when you need them.

Strike is a regulated U.S. financial technology company headquartered in Chicago, operating under money-transmitter and virtual-currency compliance frameworks. The company has raised $80 million in funding from institutional investors including Washington University in St. Louis, University of Wyoming, Valor Capital Group, and Ten31, demonstrating significant backing from established financial and academic institutions. Strike has built a reputation in the Bitcoin community for promoting real-world Bitcoin and Lightning Network adoption, including participation in projects like El Salvador's Bitcoin integration.

2-of-3 multisig: you hold 2 keys, they hold 1. They cannot move your bitcoin without you. 100,000+ BTC secured across network. $500M+ loans originated with zero dollar losses. Key agent network includes Coincover, Bakkt, Kingdom Trust.

Lloyd's of London Coverholder (AM Best A+ rated). Launched December 2024. Uses Miniscript-powered Trident Vaults.

NYDIG operates through NYDFS-chartered and licensed subsidiaries (NYDIG Trust Company LLC and NYDIG Execution LLC), providing regulated, audited, and insured Bitcoin custody. The firm emphasizes air-gapped private key management with 100% cold storage to eliminate cyber risks, contrasting with weaker industry practices.

Backed by Stone Ridge Holdings Group, NYDIG has raised over $1 billion in growth equity from major institutional investors including Morgan Stanley, MassMutual, New York Life, Soros Fund Management, Bessemer, and WestCap. The company has operated since 2017 with no reported security breaches or losses.

NYDIG's custody solution is SOC 1/2 audited with insurance coverage, and the firm holds money transmitter and virtual currency business licenses across multiple U.S. states, enabling compliant Bitcoin services for banks, corporations, and institutions.