Bitcoin investment firm NYDIG and popular international professional services firm Deloitte have signed a partnership deal. According to a Tuesday announcement, the partnership comes as part of the duo’s collective efforts to help businesses integrate Bitcoin (BTC) and other digital assets into their operations.
A Mutually-Beneficial Alliance
It should be noted that both parties will benefit immensely from the prospects of this strategic partnership. Firstly, NYDIG stands to gain more popularity and will see its customer base increase. However, the investment firm will only be able to achieve this by leveraging Deloitte’s already huge clientele.
Meanwhile, Deloitte on the other hand will also be looking to use the partnership to bring a wider range of Bitcoin product offerings to its customers across the board. For instance, one of NYDIG’s product offerings includes its Bitcoin Savings Plan which was launched back in February. And with this, employees of Deloitte’s clients may now be able to convert parts of their earnings into Bitcoin.
Deloitte Anticipates A Crypto-Driven Future
Speaking about the new partnership, the lead official for the digital assets banking regulatory practice at Deloitte, Richard Rosenthal issued a statement. And in his explanation of what the company hopes to achieve, Rosenthal says:
“The future of financial services will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way.”
Notably, Deloitte boasts of a very large client base which includes about 90% of the Fortune 500. That is about 450 companies in the rankings log. Deloitte also consults for well over 7,000 private firms.
For clarity, the Fortune 500 is a revenue-based ranking of companies that are based in the United States. Companies ranked in the Fortune 500 usually account for about two-thirds of U.S. gross domestic product, having a combined revenue of about $16.1 trillion.