New York Life Chairman, CEO Joins NYDIG Board

Bitcoin investment services firm NYDIG has appointed New York Life Chairman and CEO Ted Mathas to its Board of Directors. Mathas’ new role will focus on growing NYDIG’s investor and platform solutions businesses, “especially with respect to the development of a […]

article-image

New York Life Chairman and CEO Ted Mathas, Source: New York Life

share

key takeaways

  • For the first time in 175 years, a New York Life CEO joined an external board
  • The appointment comes two days after NYDIG raised $200 million

Bitcoin investment services firm NYDIG has appointed New York Life Chairman and CEO Ted Mathas to its Board of Directors.

Mathas’ new role will focus on growing NYDIG’s investor and platform solutions businesses, “especially with respect to the development of a bitcoin-enabled marketplace for annuity and life insurance products,” NYDIG said in a press release Wednesday. 

The appointment comes two days after NYDIG closed a $200 million round of funding, which was led by its parent, the $10 billion-asset Stone Ridge Asset Management, and included New York Life. 

Mathas, who has been a director of New York Life since 2006, said now is a “pivotal” time for NYDIG and that it’s “critical” that it offer “financial services that enable safe and secure access to this emerging, open source monetary system for all.”

NYDIG provides bitcoin investment and technology solutions to insurers, banks, corporations, institutions and high net worth individuals. It facilitated MassMutual’s purchase of $100 million in bitcoin in December. (MassMutual also invested in NYDIG’s most recent fund raise.)

New York Life Insurance Company is the largest mutual life insurer in the US and manages more than $700 billion in assets. 

Mathas’ appointment follows that of Jackie Reses, the former Square Capital executive, in January. That month NYDIG also acquired Digital Assets Data, one of the earlier deals of several it plans to make this year.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Bitcoin’s recent peak is a victory lap for curvers left and right

article-image

Securitize CEO Carlos Domingo says institutions are eager to get exposure to tokenization

article-image

Trade isn’t war and prosperity isn’t a contest

article-image

Data shows frontrunning has declined on the network compared to last year

article-image

Industry watchers weigh in on what’s coming for bitcoin, M&A and tokenization before the year wraps

article-image

“We are open 24/7/365, but good luck getting an employee to pick up.”