Fidelity Digital Assets, a subsidiary of one of the largest asset managers in the world, Fidelity Investments, announced yesterday that its Bitcoin safekeeping service went live with “a select group of eligible customers”.
Fidelity Investments is one of the largest asset managers in the world and operates as an investment company with numerous funds, associated sales structure, investment advisors and as online brokers and stockbrokers worldwide. Fidelity Digital Assets will specialize in the safekeeping of Bitcoin and possibly other cryptocurrencies from institutional investors.
At the end of January 2019, the news first came out that the financial giant will offer a Bitcoin Custody Service to institutional investors with larger capital. Bloomberg also reported that after Bitcoin more custody services should follow for Ethereum.
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…