NYC Launches Digital Assets Council to Boost Fintech Jobs and Blockchain Innovation

New York City is stepping up its commitment to digital innovation with the launch of a Digital Assets Advisory Council, Mayor Eric Adams announced at a fintech summit held at Gracie Mansion. The initiative aims to attract more fintech jobs to the city and strengthen NYC’s position as a global hub for blockchain and digital assets.

“We want to use the technology of tomorrow to better serve New Yorkers today,” said Adams. The council will include industry leaders, with a chairperson to be named soon, and will guide the city’s strategy on integrating blockchain solutions into public services.

The event drew participants from family offices, venture capital firms, and unicorn startups, including logistics firm Traction and Scale. Among the notable ideas discussed was the city’s potential plan to use blockchain for managing birth and death records—simplifying access for New Yorkers and their families.

Andrew Durgee, co-CEO of Republic, emphasized his firm’s decision to stay in New York despite growing regulatory uncertainty. “For the first time in 15 years, there’s a shift. Smart, brilliant people are coming back to the U.S. looking for a place to land,” he said.

Mayor Adams’ administration has consistently supported Web3, cryptocurrency, and fintech innovation, viewing these sectors as essential for future economic growth. The Digital Assets Advisory Council is the latest move to align New York City with evolving global trends and attract top-tier talent.

With this strategic push, NYC signals it is open for business and ready to embrace the digital economy—positioning itself as a leader in blockchain adoption and fintech development.