According to a recent report, the cryptocurrency division of Fidelity, a United States financial services giant, has recently launched its Digital Assets platform. The newly launched platform is only available to some selected group of clients.
Fidelity Digital Asset Platform
“We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors.” the firm wrote on its Twitter account.
The company began to develop its platform to meet institutional trading and custody standards, as well as regulatory requirements in October 2018 and in a recent announcement in January, it revealed it was in the final testing stages of its new digital asset service.
Also, a report from January stated that the company’s Bitcoin (BTC) custody offering would go live by March 2019.
Tom Jessop, the head of Fidelity Digital Assets revealed that although the project is now live, there are is ongoing work…