RATE Group | Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform
69766
post-template-default,single,single-post,postid-69766,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform

24 Nov Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform

Posted at 19:43h in Cryptocurrency News by

[ad_1]

Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution platform.

Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust company and run a cryptocurrency custody and execution platform where both institutional investors and individuals can store, buy, sell and transfer Bitcoin (BTC).

Superintendent of Financial Services Linda A. Lacewell noted that “this approval is further evidence that innovation and consumer protection can coexist in New York’s evolving and expanding financial services industry.” Commenting on the development, Michael O’Reilly, COO for Fidelity Digital Assets, said:

“The custody and trade execution services that we provide are essential building blocks for institutional investors’ continued adoption of digital assets. The designation as a New York Trust Company under the supervision and…

[ad_2]

Source link

Tags:
, , , , , , , ,