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Fidelity Investments could introduce custody service in March

February 4, 2019 By Crypto Reporter

The company with $2.5 trillion under management may launch a digital currency custody solution for its clients.

Fidelity Investments, a company that manages assets worth $2.5 trillion, may officially launch a new crypto custody service in March, reports CoinDesk. Fidelity Digital Asset Services LLC (FDAS) storage component is already active, with some assets under management.

“We are currently serving a select set of eligible clients as we continue to build our initial solutions,” the company reported in a statement. “Over the next several months, we will throughly engage with and prioritize prospective clients based on needs, jurisdiction and other factors.”

According to Bloomberg, Fidelity will first introduce bitcoin storage service, followed by ethereum custody. Earlier, Tom Jessop, the executive heading FDAS, said the storage service would open for business sometime in the first quarter of 2019. He mentioned that institutional clients are interested in digital money, but to enter the market they need a traditional and reliable storage option.

 

More news:

  • Nasdaq to launch crypto custody service for institutional investors
    Nasdaq to launch crypto custody service for institutional investors
    October 1, 2022
  • Fidelity to offer 401(k) investors to access bitcoin
    Fidelity to offer 401(k) investors to access bitcoin
    April 28, 2022
  • Texas to allow state banks to provide cryptocurrency custody to clients
    Texas to allow state banks to provide cryptocurrency custody to clients
    June 15, 2021
  • Bitfinex launches its own payment service 
    Bitfinex launches its own payment service 
    March 6, 2021
  • Binance adds payment service feature 
    Binance adds payment service feature 
    March 15, 2021
  • BlackRock to offer crypto trading service
    BlackRock to offer crypto trading service
    February 11, 2022

Filed Under: General News, News Tagged With: bitcoin, cryptocurrency, Fidelity, Fidelity Investments, news

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