Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show no signs of slowing,” the company revealed.
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Entering European Crypto Market
Fidelity Investments announced on Tuesday the establishment of its new entity to serve European clients investing in crypto assets. Fidelity Digital Assets Ltd. will offer digital asset custody and trade execution services to investors such as hedge funds, family offices, and market intermediaries. The custody service consists of a cold storage vault and “multi-level physical, operational and cyber controls,” the announcement details, adding that the trade execution service will provide clients access to multiple sources of liquidity.
Tom Jessop, head of Corporate Business Development…