Deloitte, one of the largest accounting firms globally, and Bitcoin firm NYDIG have announced a partnership that will allow companies to integrate digital asset services in their operations.
Deloitte and NYDIG to offer digital asset services
The new partnership between Deloitte and NYDIG will focus on supporting businesses that want to offer financial services linked to Bitcoin. Some of the targeted financial services under this partnership include employee benefits, banking, loyalty, and rewards programs.
According to a press release, the partnership would offer a centralized approach to companies that wanted to integrate Bitcoin services and products. Businesses that will benefit from this service will access the “multi-disciplinary professional services of Deloitte, together with the comprehensive Bitcoin financial and technology products and services provided by NYDIG.”
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Deloitte and NYDIG are stepping in to facilitate the growing adoption of Bitcoin. The companies noted that customers were looking to their financial institutions to offer trustworthy services related to Bitcoin like they offer fiat services.
The president of NYDIG, Yan Zhao, said, “We’ve already started the journey of bringing Bitcoin to all by embedding Bitcoin wallets into existing user experiences, powering Bitcoin rewards programs, and enabling Bitcoin-secured lending. Deloitte is the perfect collaborator to help companies take the next step to efficiently execute on these types of projects and meet customer demand with a high level of rigor.”
Deloitte’s digital assets banking regulatory practice lead and principal, Richard Rosenthal, opined that digital assets would make up the future of financial services. Therefore, Rosenthal said that Deloitte was positioning itself as a company that would support digital asset innovation.
NYDIG’s support for digital assets
The institutional adoption of digital assets has been significantly high over the past year. NYDIG has positioned itself as one of the firms committed to helping institutions embrace Bitcoin and other digital asset services.
In the past, NYDIG has announced partnerships with banks and companies operating in the insurance sector to extend Bitcoin services. The institution plans to support Bitcoin services and allow companies to access these services by dealing with a limited number of on-chain transactions.
Earlier this year, NYDIG unveiled a program that allowed employees of several institutions such as Everbowl, MVB Bank, and StretchZone to accept salaries in Bitcoin. The move even allowed employees to determine the amount of their salaries that would be converted to Bitcoin at zero transaction fees.
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