NEW YORK, NEW YORK – December 9, 2020 – NYDIG, a leading provider of investment and technology solutions for Bitcoin, announced today that it has launched a Bank Solutions practice to help financial institutions offer Bitcoin-related products and services to their customers.
The firm also announced the appointment of Patrick Sells as Head of Bank Solutions. He joins from Quontic Bank, where he most recently served as Chief Innovation Officer for Quontic Bank, and was named American Banker’s “Digital Banker of the Year 2020”. Prior to Quontic, he built and ran several technology, data and digital marketing companies, and has advised banks and fintech companies on regulatory compliance.
In his new role, Sells will be responsible for bringing NYDIG’s core custody, execution, financing, AML/KYC, and compliance capabilities to banks via NYDIG’s white label platform, including its proprietary bank rewards engine.
Robert Gutmann, CEO of NYDIG, said, “we know that banks are interested in bringing Bitcoin to their clients but in many cases don't yet have the infrastructure or experience navigating the regulatory landscape. NYDIG has built an institutional-grade platform that meets the highest regulatory, audit, and governance standards, and that banks can confidently use today. Patrick knows firsthand what it takes to bring a Bitcoin-related product to market as a bank, and we are excited for him to help banks around the country do the same. We are excited to see what our bank partners can dream up; we will be ready to power it.”