RATE Group | Fidelity’s Crypto Team Just Forayed Into Europe, and It’s Bullish for Bitcoin
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Fidelity’s Crypto Team Just Forayed Into Europe, and It’s Bullish for Bitcoin

14 Jan Fidelity’s Crypto Team Just Forayed Into Europe, and It’s Bullish for Bitcoin

Posted at 18:24h in Bitcoin News by

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Fidelity Digital Assets (FDAS), the Bitcoin-centric arm of investment firm Fidelity, has entered a partnership with a London-based crypto asset manager in bullish move to expose Bitcoin to institutional investors in Europe.

Fidelity’s Europe Push

FDAS will act as a custodian for Bitcoin held by Nickel Digital Asset management, the two companies announced. 

The partnership is designed to help address the lack of back-office services such as custody of cryptocurrencies among major financial providers in a bid to bring the coins more into the mainstream.

Launched in 2018, FDAS offers cryptocurrency trading and custody services to financial companies and corporations. 

Chris Tyrer, European head of FDAS, said the hurdles to institutional investors participating in cryptocurrency markets — things regulation, quality of service providers, and volatility — are shrinking.

“We see those three factors slowly resolving themselves, and as a result we are seeing a pick up in institutional…

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