“We believe that having an equity stake in NYDIG as well as a Bitcoin position in our general investment account will help us deliver long-term value to our policyowners,” said Tim Corbett, Chief Investment Officer of MassMutual. “We look forward to further exploring additional ways to work with NYDIG, consistent with our ongoing focus on innovation and diversification.”
Ross Stevens, founder and Executive Chairman of NYDIG and founder and CEO of Stone Ridge Holdings Group, NYDIG’s parent company, said, “Given their track record of innovation, there is nothing surprising to me about MassMutual leading their industry yet again by both seeing, and acting on, the long-term value of the Bitcoin monetary risk premium for their policyowners.”