RATE Group | Fidelity Reveals Cryptocurrency and Digital Asset Trading Platform
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Fidelity Reveals Cryptocurrency and Digital Asset Trading Platform

15 Oct Fidelity Reveals Cryptocurrency and Digital Asset Trading Platform

Posted at 17:05h in Cryptocurrency News by

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Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform.

Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday.

Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors, including hedge funds, family offices and market intermediaries.

Fidelity is one of the five largest financial services providers in the world, maintaining some $7.2 trillion in client assets.

“Those efforts have been successful in helping us understand and advance our thinking around cryptocurrencies … The creation of Fidelity Digital Assets is the first step in a long-term vision to create a full-service enterprise-grade platform for digital assets,” he said, going on to add:

“In our conversations with institutions, they tell us that in order to engage with…

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