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Fidelity Securities Launches Cryptographic Asset Investment Related Services for Some Customers


Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of techniques and applications of distributed ledger technology.

It turns out that Fidelity Digital Asset , a subsidiary of Fidelity Investments, a leading securities company, has started offering cryptographic asset investment related services to some customers.

The subsidiary announced its establishment in October last year and has been working on creating an infrastructure for providing custody of cryptographic assets and transaction execution services for institutional investors.

Fidelity Investments, the parent company, is a large securities firm with $ 260 billion in assets under management (AUM) .

This time, it has not been mentioned what kind of service was actually started on a trial basis. However, we know that our services are targeted at institutional investors such as hedge funds and pension funds.

In addition, although the specific name of the customer who started providing the service is not mentioned, one of the first customers to talk about when Fidelity Digital Asset was established is Galaxy Digital, a major crypto asset fund in the industry.

Fidelity said that “it recognizes the transformational potential that Bitcoin can bring”, and will continue to steadily develop services that meet the needs of customers.

Article Source: Medium-Slidelity

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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/fidelity-digital-assets-begins-operation-with-select-clients/

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