Mark Mason
Well-known member
Fidelity Launches Separate Custodian Company Facilitating Institutional Investor Access
Fidelity, the investment firm that manages more than $7.2 trillion in client assets, has announced they will be launching a separate company called Fidelity Digital Asset Services to handle cryptocurrency custody and execute trades for institutional investors.
The new Fidelity Digital Asset Service emerged out of the Fidelity Center for Applied Technology (FCAT) incubator for artificial intelligence and blockchain projects. The new head of Fidelity Digital Assets, Tom Jessop, said how the service emerged when they “saw that there were certain things institutions needed that only a firm like Fidelity could provide”. Fidelity Investments Chairman and CEO, Abigail Johnson, said that they “expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for their clients to understand and use”.
Read more - https://www.dashforcenews.com/fidel...y-facilitating-institutional-investor-access/
Fidelity, the investment firm that manages more than $7.2 trillion in client assets, has announced they will be launching a separate company called Fidelity Digital Asset Services to handle cryptocurrency custody and execute trades for institutional investors.
The new Fidelity Digital Asset Service emerged out of the Fidelity Center for Applied Technology (FCAT) incubator for artificial intelligence and blockchain projects. The new head of Fidelity Digital Assets, Tom Jessop, said how the service emerged when they “saw that there were certain things institutions needed that only a firm like Fidelity could provide”. Fidelity Investments Chairman and CEO, Abigail Johnson, said that they “expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for their clients to understand and use”.
Read more - https://www.dashforcenews.com/fidel...y-facilitating-institutional-investor-access/