RATE Group | Fidelity’s Bitcoin Custody Solution Takes Off
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Fidelity’s Bitcoin Custody Solution Takes Off

19 Oct Fidelity’s Bitcoin Custody Solution Takes Off

Posted at 06:59h in Bitcoin News by

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Big News: Fidelity's Bitcoin Custody Solution Takes Off 101
Abigail Johnson, CEO of Fidelity Investments. Source: a video screenshot, Youtube, Bloomberg Markets and Finance

The US-based mutual fund giant Fidelity rolled out its much-anticipated crypto custody solution.

The company made a splash a year ago when it announced the launch of a separate company, dubbed Fidelity Digital Assets, with the goal to offer the very-much-needed institutional custody services and trade execution, that is, provide custody solutions to large trading firms that operate in the huge over-the-counter (OTC) market for cryptocurrencies. The company’s duty is to handle all blockchain-related work that Fidelity is involved in.

One of the largest asset managers in the world, with USD 7.4 trillion in total customer assets (according to their website), has now started “a full rollout of its custody and trading services for digital assets,” the Financial Times writes. The article also cited CEO of Fidelity Investments, Abigail Johnson, as saying that this…

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