Secure, efficient access to Bitcoin, built for advisors.

About us

FS | NYDIG represents the partnership between NYDIG, a leading provider of Bitcoin solutions, and FS Investments, a leading asset manager.

Research and insights

Research + insights

1Q23 Review and Look Ahead

We take a look at the first quarter of 2023 and the news that shaped it as well as important events in the future.

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Research + insights

March 2023 Bitcoin Brief

Bitcoin was explicitly designed for today’s market environment, and it delivered strong performance in the first quarter of 2023. Bitcoin ended the quarter above $28,000 and up 72% YTD, making it bitcoin’s best performing quarter since 1Q21.

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Research + insights

December 2022 Bitcoin Brief

Bitcoin ended 2022 down over 60%, which ranks as bitcoin’s second worst performing calendar year since the asset began trading in 2009.

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What is Bitcoin?

Bitcoin represents a first in human history of having a technology that provides an open-source monetary system for all. Bitcoin, as a digital currency, helps address some of the shortcomings of fiat currency and gold: it’s easy to store, it’s decentralized, it has a fixed supply and it’s much easier to transport.
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NYDIG is a vertically integrated bitcoin financial services and infrastructure firm committed to market-leading regulatory compliance and operational excellence.


Year founded



NYDIG is a subsidiary of Stone Ridge Holdings Group. Founded in 2012, Stone Ridge Holdings Group also includes Stone Ridge Asset Management, an alternative asset manager with $20B+ AUM and other operating subsidiaries focused on alternative investment strategies.

Built on this stable foundation, NYDIG has become a trusted provider of financial services and bitcoin infrastructure to household financial services brands.

Firm statistics as of November 30, 2023.

NYDIG leadership team

Ross Stevens


Tejas Shah

Chief Executive Officer
Offering industry-leading portfolio management expertise.


Year founded


FS Investments is a global alternative asset manager dedicated to delivering meaningful performance and innovative investment and capital solutions. The firm manages over $78 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 550 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia.

Firm statistics as of March 31, 2024.

FS Investments leadership team

Michael Forman

Chairman and Chief Executive Officer

Mike Kelly

Co-President and Chief Investment Officer

Enrico Gaglioti


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  1. Total AUM estimated as of March 31, 2024. References to “assets under management” or “AUM” represent the assets managed by FS Investments or its strategic partners as to which FS Investments is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. FS Investments calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of FS Investments’ investment funds; (ii) uncalled capital commitments from these funds, including uncalled capital commitments from which FS Investments is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs (excluding CLOs wholly-owned by FS Investments); (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and FS Specialty Lending Fund JV assets; and (v) the fair value of other assets managed by FS Investments. The AUM also includes the estimated AUM of Portfolio Advisors, LLC as of March 31, 2024, which FS acquired through a merger on June 30, 2023. AUM for Portfolio Advisors, LLC is measured as adjusted reported value plus unfunded commitments. FS Investments’ calculation of AUM may differ from the calculations of other asset managers and, as a result, FS Investments’ measurements of its AUM may not be comparable to similar measures presented by other asset managers. FS Investments’ definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.