NYDIG and Fiserv Team Up to Put Bitcoin in Consumers Bank Accounts

Offering could allow users access to bitcoin and cryptocurrency without going to an external exchange.

article-image

Source: Shutterstock

share

key takeaways

  • Fiserv would offer software that plugs in to existing banking web portals to allow banking clients to trade cryptocurrency customized by NYDIG
  • NYDIG had previously announced a partnership FIS in May, but it doesn’t appear that anything came to fruition

If you want to buy bitcoin today, you need to venture on to a digital assets exchange or use a payments service like PayPal. Banking software provider Fiserv wants to change this through a partnership with NYDIG that would offer software to banks that allow their clients to purchase bitcoin directly from their online banking portal. 

“Interest in cryptocurrency, and particularly bitcoin, has skyrocketed over the past several years, to the point that bitcoin investing is now a commonplace activity,” said Byron Vielehr, chief digital and data officer at Fiserv in a statement. “People continue to turn to financial institutions as a central place to manage their financial activity, and being able to offer this capability will help position banks and credit unions at the forefront of their customers’ financial lives.”

A spokesperson for Fiserv did not immediately respond to requests for comments, however both Fiserv and NYDIG state in the announcement that they already have a first customer lined up: California-based First Foundation Bank. First Foundation, which owns the bank and offers wealth management services to high net worth individuals, also made a strategic investment in NYDIG.

“Digital assets have caught the eye of consumers and investors,” said Scott F. Kavanaugh, CEO of First Foundation, said in a statement. “If our industry is truly committed to innovation and the financial future of our clients, we need to lead in this area and help create a secure and trusted platform for using bitcoin for everyday financial matters.”

This isn’t the first time NYDIG has attempted this. In May, NYDIG announced that it had formed a partnership with Fiserv-rival FIS to allow customers at its banking clients to purchase cryptocurrency. At the time, FIS said it was exploring providing the ability to accrue interest on banking clients’ bitcoin balances.

As Blockworks reported at the time, FIS’ client list includes larger banks while Fiserv generally targets smaller institutions like credit unions.

A PR rep for NYDIG says the partnership with FIS is still active, while the Fiserv engagement is an “additional partnership.” An earlier version of this story had said the partnership was abandoned.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 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.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

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

Unlocked by Template Presentation.jpg

Research

The Solana validator landscape has changed drastically over the past year. The chain now has 1,332 active validators with 380.9 million SOL staked (63.9% of supply) as of February 2025. Validator revenue had diversified beyond inflationary rewards (still making up 55%) to include Jito tips (30%), priority fees (24%), and base fees (<1%), in January, especially with the increased activity on Solana. Since then, issuance has become dominant again (76%), while Jito tips (14%), priority fees (9%), and base fees (less than 1%) have reduced in share of February 2025. There has been a strong shift towards non-inflationary revenue sources, which have become more central to validator economics as priority fees and off-chain blockspace auctions gain traction. Client diversity has also improved drastically, with implementations such as Agave, Jito-Solana, and Frankendancer already in use, and upcoming clients like Firedancer and Sig expected to further strengthen resilience and reduce reliance on a single codebase.

article-image

BWR analyst Carlos Gonzalez Campo explains the consequences of SOL inflation and transfers lost to “leaky buckets”

article-image

Empire co-host Santiago Santos makes the case that memecoins have actually helped push infra forward…just not in the way you think

article-image

A16z Crypto lists seven buckets for tokens and recommendations for how to regulate them, in a filing submitted to the SEC

article-image

New model aims to resolve trading inefficiencies with a single execution layer and market maker changes

article-image

Investors navigating BTC face short-term unpredictability, influence from other markets

article-image

The GENIUS Act aims to establish regulatory guidelines for stablecoins