Bullman close: Fidelity will launch custody services for Bitcoin in March
Source:
Us investment firm Fidelity, under which management is more than 7.2 billion dollars of assets, will launch custody services for Bitcoin in March. This was stated with reference to unnamed insiders. All the major players investing in digital assets is the second step after the subsidiary's Fidelity Digital Asset Services.
the. in March
Fidelity Digital Asset Services was founded in October last year. Firm shall provide custodial and trading services for institutional investors — hedge funds, family offices and intermediaries of the market». These services are specifically aimed at major players and are not available to ordinary investors.
At the moment we serve a narrow circle of selected clients and continue to form the first solution for them. In the next few months we will deal with legal matters and work on the requirements of our clients.
It Seems that the cryptocurrency is a serious ally in the form of Fidelity CEO Abigail Johnson. In 2017, Johnson said about the importance of mining Bitcoin and Ethereum for the company.
I believe in the crypt. Still I remain one of the few big financial companies, who have not retreated from the idea of using digital assets.
Why is the input Fidelity on the market ? Custodial services are highly valued among major investors, as they provide maximum protection of assets and reduce to zero the chance of theft. Large firms like BNY Mellon, JPMorgan and Northern Trust offer their custody services for money, securities, gold and diamonds.
Source: Bloomberg
Recall, the largest American crypto currency exchange Coinbase about the launch of custodian services in July 2018. Read more about the developments around Fidelity is available .
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